Masirah reports oil indications from Manarah well offshore Oman

Offshore staff

TORTOLA, British Virgin IslandsMasirah Oil has discovered hydrocarbons offshore Oman with its Manarah-1 well in block 50.

The well was drilled to a TD of 3,000 m (9,842 ft). Currently Masirah is analyzing the results and is in discussions with the Ministry of Oil and Gas of Oman concerning a time extension as it plans follow-up wells.

Dr. Rabi Bastia, a G&G consultant and advisor to Masirah, said: “Manarah-1’s confirmation of the source rock and a working petroleum system in block 50 gives us great encouragement and important information towards our deeper understanding of the 17,000-sq km (6,564-sq mi) block.”

The well had two primary sandstone and carbonates targets and three secondary targets, with the selected target based on G&G analysis supported by Masirah’s co-owner Rex Virtual Drilling.

Both main targets and two of the secondary targets delivered oil shows.

In one of the secondary targets, the presence of fractures where mud loss occurred was confirmed by a high resolution formation micro-imager, suggesting potential for highly porous reservoir zones.

Side wall cores were collected in another secondary target and preliminary inspection indicates good reservoir quality of the sand as well as source rock potential in the shale intervals. The cores will now be analyzed in greater detail.

04/29/2016

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