Project Profile
Value: Undisclosed
Location: Rub al Khali basin, Sultanate of Oman
Area: 18,000 km2
Start-up Year: -
DNO International ASA has entered into a farm-in agreement with respect of Block 36 onshore in the Sultanate of Oman. The Block 36 farm-in agreement provides for the transfer to DNO Oman AS of a 75 percent participating interest (100 percent paying interest) from Allied Petroleum Exploration Inc. The Company will assume operatorship and fund reprocessing of existing and acquisition of new 2D seismic data and drilling of two exploration wells. Block 36 is located in the Rub al Khali basin and covers a surface area of more than 18,000 km2. Two exploration wells previously drilled in the block have confirmed the presence of source rock in the basal Silurian hot shale, an organic-rich shale that has sourced the majority of the oil and gas fields discovered in the Arabian Peninsula and North Africa. Multiple stacked potential reservoir units have also been identified and mapped on the existing seismic data comprising 10,000 km of 2D seismic data complemented by high-resolution gravity and aeromagnetic surveys. Technical work to date suggests potential lead sizes in excess of 100 million barrels. Completion of the Block 36 transfer is subject to satisfaction of certain conditions, including approval by the Ministry of Oil and Gas of the Sultanate of Oman.
Operators:
DNO Oman AS: Operator with 75% interest
Allied Petroleum Exploration Inc: 25% interest