Singapore’s Rex Holding, which holds an 86.37% stake in Oman-oriented Masirah Oil, has booked its first oil reserves figure at Yumna field in Oman’s offshore Block 50. The firm puts 2P reserves at 9.6mn barrels, but its “best estimate of gross unrisked prospective resources” is 152.3mn barrels – taking into account reserves elsewhere in the block.
Masirah’s first crude exports took place earlier this year (MEES, 29 May), and five cargoes have since been loaded. The firm puts output at more than 8,000 b/d. Masirah approved a field development plan in July entailing further exploration wells (MEES, 24 July). The Yumna-2 well is planned for 2021. (CONTINUED - 103 WORDS)