Masirah finds oil flow rates from second 'Block 50' well 'very encouraging' | Masirah finds oil flow rates from second 'Block 50' well 'very encouraging' -
Masirah-Oil

Masirah finds oil flow rates from second ‘Block 50′ well ‘very encouraging’

: Monday, March 10 - 2014 @ 01:37

Masirah Oil, an associate of Malaysia-based Hibiscus Petroleum, has said its second exploration well in ‘Block 50′ offshore concession area east of Oman has achieved a light oil flow rate of up to 3,000 barrels per day, Times of Oman has reported. The firm said the test flow rates were “very encouraging” and that “this was the first offshore oil discovery in the east of the sultanate after more than 30 years of exploration activities.” “The second exploration well produced oil at high and stable rates and is currently under suspension,” Masirah said.

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Monday, March 10- 2014 @ 1:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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