Oman

Repsol Exploracion SA took a farmout from RAK Petroleum PCL, Dubai, to earn a 50% interest in Block 47 in northern Oman, subject to government approval.

Aug. 16, 2010

By OGJ editors
HOUSTON, Aug. 16 – Repsol Exploracion SA took a farmout from RAK Petroleum PCL, Dubai, to earn a 50% interest in Block 47 in northern Oman, subject to government approval.

The partnership plans to spud the Zad prospect in October 2010 that targets the Amin sandstone and is an analog of Kauther field discovered by Petroleum Development Oman
southeast of Block 47.

RAK Petroleum is operator of seven blocks in Oman and the United Arab Emirates, of which one is in the production phase, three are in the exploration phase, and three are undergoing appraisal for possible development/redevelopment.