Muscat – Masar Petroleum, a leading Omani oil and gas exploration and production company, on Monday announced a landmark hydrocarbon discovery in the Hasirah Ridge area of Block 7, which is operated by the company.

This major discovery in Oman’s onshore Block 7 marks a defining milestone in Masar Petroleum’s growth trajectory, the company said in a press statement.

Masar Petroleum first made history in 2017 as the inaugural operator to successfully appraise and produce from the Hasirah reservoir in Block 7.

Building on this experience, the company said it has now successfully drilled a new exploration well south of its existing discoveries, validating the concept of the Hasirah Ridge – a geological trend approximately 5km wide and 30km long, mapped across Block 7 using 2D seismic data.

This landmark discovery represents a critical first step towards unlocking the ridge’s prospective resource base of 100mn to 380mn barrels, Masar Petroleum noted.

The company added that, following this discovery, a planned 3D seismic survey, along with an exploration and appraisal programme, is expected to advance the development of these resources by the end of 2028.

First production from the Hasirah Ridge field is expected to come on stream in the final quarter of the year.

With its sights firmly set on accelerated growth, Masar Petroleum plans to rapidly advance appraisal and development opportunities across Block 7.

“Masar is a proud Omani exploration and production company that has delivered significant value through continuous and focused efforts to unlock our potential,” said Abdulsattar AlMurshidi, Chief Executive Officer of Masar Petroleum.

Masar Petroleum, which commenced operations in 2015, is committed to unlocking the full potential of its acreage through technical excellence in exploration, appraisal and development.

The Block 7 concession area spans approximately 2,300sq km in Al Wusta Governorate and is operated by Masar Petroleum, which holds a 100% stake.