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EXPLORATION WELL MAHA-1 ON BLOCK 3 ONSHORE OMAN TERMINATED- NO COMMERCIAL DISCOVERY

Drilling of the Maha-1 exploration well on Block 3 onshore Sultanate of Oman has completed. The well encountered oil, but the oil saturation was too low to be produced. The well has been suspended to enable further studies in the future.

Maha-1 was drilled southwest of the producing Farha trend in an area not covered by 3D seismic. The vertical well was drilled to a total depth of 1,465 metres below sea level, encountering the Barik Sand at 1,409 metres. There were minor oil shows encountered while drilling the Barik. However, the oil saturation was too low to be produced and a subsequent sidetrack encountered even less saturation. The well has been suspended to enable further studies in the future.

The drilling programme on Block 3 continues with two rigs currently operating on wells FS-18 and FS-31 respectively. Both wells are located within the Farha trend 3D seismic area and are targeting as yet undrilled fault blocks.