134
39
th
Annual Report
Q3 2012, Sudan oil production averaged 115 thousand barrels per
day, and by the end of 2012 another 65 thousand would be added.
Later on, Emperor Oil Ltd announces that it has entered into a
Memorandum of Understanding with State Petroleum Overseas Inc. to
acquire 85% of their 50 %working interest in a late stage oil development
project located in Block 7 in Sudan, to develop the three discovered oil
fields, Sudapet owns the remaining 50% interest in the project.
Somalia
in turn has pulled intentions to its hydrocarbon potential
i
,
as Prime Resources affiliate Petrosoma has entered a 50:50 joint
venture deal with Jacka Resources company to facilitate oil
exploration in onshore Block 26.
In Q2 2012,
Oman
’s average oil output was set to increase to
915 thousand barrels per day from 855 thousand barrels per day in
2011. The plan would boost oil output from the Harweel Field and a
number of wells in Qarn Alam filed starting fromApril, which would
add a further 30 thousand barrels of oil per day. Many companies
will contribute to this aim such as OC Energy, BP and Occidental
Mukhaizna.
Omani Oil and Gas Ministry
ii
has implemented a number of new
projects such as the gas pipeline to Al Duqm Economic Zone. The
ministry mentioned the new gas development project at Khazzan and
Makarem Fields, each field is estimated to hold 70 to 130 trillion
cubic feet of gas in place, the first phase of the project will target
reserves of up to 8 trillion cubic feet with the first gas scheduled to
be delivered in 2016.
In
Lebanon
, an agreement was signed with British Spectrum
Company to conduct onshore and 3,000 sq km of offshore seismic
i
Energy Business Review, 6/4/2012
ii
Oil Review Middle East, 5/4/2012
