Muscat – Masirah Oil Limited, the operator of Oman’s offshore Block 50, recently announced the signing of a contract for the Energy Emerger jack-up drilling rig.

The rig, operated by Northern Offshore Ltd, will perform a multi-well programme in the offshore Yumna Field in Block 50, Oman, Masirah Oil said in a statement.

The programme will consist of drilling and completing a new in-field well and the workover of two existing production wells. The programme will commence in mid-March 2024, the company added.

Mike Hopkinson, General Manager of Masirah Oil, said, “We are very appreciative of the support and assistance from Oman’s Ministry of Energy and Minerals, enabling us to secure the rig in a tight supply environment.”

The gross production in January 2024 from the Yumna Field in offshore Block 50 amounted to an average of 1,732 stock tank barrels per day over the full month.

Masirah Oil Ltd is the operator and holds 100% of Block 50 Oman, an approximately 17,000 sq km offshore concession located in the Gulf of Masirah, east of Oman.

Masirah Oil is a subsidiary of Singapore-based Rex International Holding. The offshore Block 50 concession in Oman is a key asset of the group. The group successfully achieved first oil in the Yumna Field in February 2020.