Project Profile

Value: US$45 million
Location: Offshore Oman
Area: 104,526 acres (423 sq km)
Production: 7,323 boe/d (during 3Q 2015)
Start-up year: 2009
Water Depth: 90 m/ 297 ft

Block 8 offshore Oman covers an area of 104,526 acres (423 square kilometres) and contains the Bukha gas condensate field and the West Bukha oil and gas field.  Both fields provide a significant increase in current production levels for the Middle East.

Bukha

Discovered in 1979 by Elf, Bukha was developed in 1994 and commenced production later that year. Rak Petroleum serves as the operator and holds a 50% interest; LG International Corporation holds the remaining 50%. The field development of Bukha consists of one well tied-back to a fixed platform situated in 295 feet (90 meters) of water. The field has a life expectancy of 15 years, and produces 28 MMcf/d (.79 MMcm/d) and 5,000 to 10,000 bpd of condensate.

West Bukha

The West Bukha oil and gas field straddles the boundary between Oman and the Islamic Republic of Iran. Rak Petroleum, which holds a 50% interest, operates the field; LG International holds the remaining 50% interest. The field was discovered in 1976 but was believed to be a gas condensate field and was abandoned shortly after. Then in 2006, Rak began exploring and drilling for new appraisal wells, including an extended horizontal section. The appraisal well, West Bukha-2, tested at a rate of 12,750 bopd and 26 MMcf/d (73 MMcm/d) from the Mishiff-Maudud and Thamama reservoirs. The testing demonstrated that West Bukha could be developed by a stand-alone facility instead of tying the field back to Bukha.

Two years later, the Offshore Courageous jackup was contracted to deepen the West Bukha-2 well and also to drill the West Bukha-3 and West Bukha-4 wells, which were plugged and abandoned. Following the completion of appraisal drilling, the West Bukha wellhead platform was constructed and installed on the field. West Bukha\'s field development consists of two wells tied-back to the six-slot unmanned West Bukha fixed platform located in 295 feet (90 meters) of water. Production is then tied through a subsea 12-inch-diameter multiphase flowline to the Bukha platform. The West Bukha field commenced production on Feb. 18, 2009 and flows at a rate of 10,000 bopd and 30 MMcf/d (.84 MMcm/d). Combined production from the Bukha and West Bukha fields in block 8 offshore Oman averaged 7,323 boe/d during 3Q 2015.

Operators:

Musandam Oil and Gas Co., subsidiary of Oman Oil Company Exploration and Production (OOCEP): Operator with 50% interest

LG International Corporation: 50% interest


Contractors:

Noble: Drilling Noble Roy Rhodes drilling rig

Seadrill Ltd: Drilling contract