Masirah Oil Awards Drilling Rig Contract

Masirah Oil Awards Drilling Rig Contract

Masirah Oil Limited, the owner of the Block 50 concession off Oman’s eastern seaboard, has awarded a drilling rig contract to Foresight Offshore Drilling Limited, Oman Observer reported.

The contract is anticipated to commence in December and will be valid for a minimum of 30 days.

The Foresight Driller IXjackup will be used to drill one appraisal well in the offshore concession to determine the potential of the Yumna field.

Masirah Oil has the right to retain rigs for extended well testing and to drill additional wells.

It is worth noting that Masirah Oil owns a 100% interest in Oman’s Block 50.

Dina Elbehiry 642 Posts

Graduated from Faculty of Economics and Political Science- Cairo University.
Having an Economic background and currently working for Egypt Oil & Gas.

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