Petroleum Development Oman (PDO) announced a new gas find with estimated recoverable reserves of more than 4 trillion cubic feet (tcf) and 112 million barrels of condensate at two reservoirs named Barik and Miqrat in the northern part of their concession area, according to the Times of Oman.
Exploratory drilling took place at a depth of 5,000 meters, the commercial flow rates at the reservoirs tested at 1.2 million cubic meters per day (mcm/d) after fracturing. The discovery comes after PDO acquired high resolution 3D Wide Azimuth seismic data in the area in 2015.
“This is an exciting find which will provide a boost for economic growth in Oman and help meet rising gas demand from residential, commercial and industrial customers,” PDO Managing Director, Raoul Restucci, said.
“Contingent on OPEC constraints, we are maintaining momentum to be ready to deliver in excess of 650,000 barrels per day (b/d). The company is more efficient than ever and we have raised performance across the key parts of our value chain,” Restucci added.