​​Stage-blue-orange-sky-silhouette.jpg

 

 

 

 

 

 

 

 

 

  • CCED discovered oil in 4 reservoirs in Blocks 3 & 4 including Barik, Lower Al-Bashair, Lower Buah,and the Khufai reservoir which has never been produced before in Oman.
  • The Saiwan East 3 appraisal well in the Khufai reservoir test produced 10,714 bopd on natural flow, probably the highest natural flow well test production rate achieved by any operator in Oman to date.
  • CCED proved that the prolific Barik reservoir which is a major reservoir in Oman production also extends to Oman Blocks 3 & 4.
  • CCED significantly exceeded its minimum contractual work program obligations and financial commitments under the Exploration and Production Sharing Agreement with the Government.
  • CCED successfully fast-tracked the construction and installa​tion of an early production system to commence oil production from its Farha South field in less than nine months from the initial discovery date.
  • CCED successfully fast-tracked the development of the permanent production facilities achieving full scale production in less than two and a half years from the initial discovery date and leading to a current production rate of approximately 45,000 bopd.