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UpstreamOnline: PDO oil search does triple jump

By Upstream staff

Petroleum Development Oman (PDO) said today it has hit three new oil finds that could help it ease falling output.

One discovery is at Budour Northeast in southern Oman, while the other two are extensions of the Ufuq and Dafiq fields in northern Oman, which were discovered last year, said John Malcolm, managing director of PDO.

“These new fields will contribute to the sustainability of PDO’s oil production. It is quite significant to us and gives us major hope that we can find another cluster,” Malcolm said.

A discovery well at Budour revealed that the field contains a significant quantity of good quality oil at a depth of about three kilometres.

“A preliminary test showed that it could produce at a stable rate of more than 8200 barrels per day – one of the best tests we have ever had in such a reservoir,” Malcolm said.

PDO said the other two discoveries in northern Oman, which lie at depths of about 1500 metres, are hooked up for long-term production testing and would be developed as part of plans for earlier discoveries in the region. PDO said it had also drilled 10 exploration wells in 2006, Reuters reported.

PDO, which accounts for 90% of Oman’s oil production and a major share of natural gas output, is 60% owned by the Omani government and 34% by Shell.

Non-Opec Oman’s oil production in 2006 fell to about 730,000 barrels per day from about 774,000 bpd in 2005 and 780,000 bpd in 2004, industry sources said.

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