PTTEP Plans Seismic Survey in Block 44

Source: Oman Observer 3/14/2013, Location: Middle East

PTTEP Oman, the local affiliate of Thai national oil and gas company PTTEP Group, plans to kick off a new round of 3D seismic acquisition within Block 44 as it presses ahead with efforts to sustain oil and gas output from its concession in the west of the Sultanate.

The 3D seismic programme will cover around 500 square kilometres in the western part of the concession targeting a new play believed to have a high hydrocarbon potential. The initiative, combined with plans for a number of intensive subsurface studies, will precede a major drilling campaign envisaged in the coming years as the operator strives to shore up hydrocarbon output from declining fields within the block.

PTTEP Oman, which acquired the concession in 2002, has of late ramped up development activities aimed at bolstering oil and gas production from the contract area within the block. In 2012, the company invested around $72 million in production activities, which helped yield 14.815 billion standard cubic feet of natural gas and 1.1 million barrels of liquid hydrocarbons during the year.

Other achievements of the year included a fourth drilling campaign to help sustain the oil and gas production plateau in the face of the rapid decline of output from Block 44. A processing facility for crude oil production from the Munhamir oilfield was also commissioned last year.

In fact, 2012 marked a highpoint for PTTEP Oman’s operations in the Sultanate. Last October, the company announced a three-fold increase in the output of crude oil and condensate from around 1,500 barrels per day (bpd) previously to nearly 5,000 bpd. Natural gas production was sustained at 50 million standard cubic feet per day. The increase in liquid hydrocarbon output came at the end of a successful drilling campaign undertaken during the 2011-2012 timeframe during which PTTEP added seven new development and appraisal wells to its Block 44 portfolio.

The development wells targeted the Munhamir field yielding around 2,500 bpd in additional crude oil flows, while appraisal wells targeted the Shams-E South field generating an additional 1,000 bpd in new production. PTTEP Oman is the operator of the 1,162 sq km Block 44 with a 100 per cent interest. In April 2010, the company relinquished its licence for Block 58 in the southwest of the country after fulfilling its exploration work commitment.

For more information about related Opportunities and Key Players visit Oman Oil and Gas Projects


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Related Categories: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 

Related Articles: Formation Evaluation  General  Geological, Geophysical  Geophysical Contractors  Mud Logging  Reservoir Engineering & Recovery Methods  Seismic survey  Well Completion, Logging, Workover 


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