Rex International subsidiary, Masirah Oil, has spudded a second development well, Yumna-2, in the Yumna field. in Block 50, offshore Oman. A third development well will be drilled back-to-back with Yumna-2. The three production wells in the Yumna field have been positioned to optimally drain the reservoir and maximise recovery.
A wildcat exploration well is also planned during the drilling campaign to evaluate one of the nearby lookalike prospects. The drilling campaign is expected to last for 90 days, after which the rig will be released.
Masirah Oil holds a 100 per cent interest in Block 50 Oman.
Mr Dan Broström, Executive Chairman of Rex International, said:
'The drilling of the two development wells is timely to boost productionat the Yumna field as we go into 2021, with Brent oil prices climbingback to US$50 a barrel for the first time since March 2020. The wildcat exploration well is part of our strategy to further our development plans for Block 50 Oman upon a discovery in this well.'
The location of the wildcat exploration well will be selected from 14 previously identified prospects near the Yumna field.
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Source: Masirah Oil
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