CC Energy Development S.A.L. (CCED) is an independent value-driven company delivering long-term growth to Oman’s hydrocarbon sector. Adopting a ‘Think Global and Act Local’ mindset, we have grown our operations organically over the last 11 years producing more than 100 million barrels of oil to date. Champions of knowledge transfer for a sustainable hydrocarbon value chain, CCED and its partners continue to invest more than USD 250 million annually in exploration, appraisal and production activities to sustain and grow output. Thanks to our successful exploration strategy our current production sits at around 40,000 bbl/day, with plans underway to increase production.
With a workforce of over 90% Omani CCED is building a cadre of capable professional staff, arming them with the industry know-how to lead the sector in the future. We are a dynamic, ethical and responsible organisation that believes in giving back to the communities we operate in by enabling their development and acting as catalysts for positive change.
Our Vision
To be a sustainable and long-term value generating business for CCED & Oman with:
- A culture that recognises people as its most valuable asset, while putting Health Safety and Environment (HSE) at the forefront of decision making and driving opportunities to increase the value of the business
- An organizational structure and business processes that ensure value is created from each barrel produced
- A long-term value generating growth agenda
- A cost-efficient operational model enabled by technology
Our Assets & Milestones
CCED’s operating footprint is in Blocks 3 & 4, one of the largest concession areas in the Sultanate of Oman.
CCED Assets in Oman
Onshore Blocks 3 & 4
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- CCED Operator
- Tethys Oil Partner
- Mitsui E&P Middle East B.VPartner
CCED Key Milestones in Oman (until 2020)
- 2008: License Acquired
- 2009: Exploration Well Drilled
- 2010: Early Production Commenced
- 2012: Commercial Declaration
- 2016: Average Production of 40,000 bopd
- 2017: Milestone of 50 million Barrels Produced
- 2019: Record production of over 45,000 bopd
- 2019: A new extensive phase of exploration work commenced
- 2020: Milestone of 100 million Barrels Produced
- Total of 349 wells drilled by end of 2020
- 79% of the total commitment purchases from local suppliers
- Opened a lab for on-site testing of Covid19 to ensure the health of our employees
- Over USD 250 million investment planned annually (2020 – 2025)
Oil Production
Oman Blocks 3&4 (2012 – 2020)
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Drilling
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Seismic
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Building Capability
CCED believes its successful track-record is driven by the capacities and potential of its people. We are committed to developing Omani talent at all levels of the organisation. The total workforce is around 670 people and currently over 90% are Omani.
CCED provides a challenging and stimulating work environment for young graduates with opportunities across various technical functions such as Petroleum Engineering, Drilling Engineering, Geology, Project Management, Engineering, Production Operations and Maintenance.
Well-developed people practices make working at CCED both enjoyable and rewarding, providing aspiring Omani talent with the opportunity to learn and grow their careers.
Committed to grow the Omani Economy
Playing its part in Oman’s economic development, CCED is a sustainable contributor to the Sultanate’s long-term hydrocarbon vision. We believe that it is our responsibility to invest in the communities we work with and develop a business that can bring value to Oman.
Our In-Country Value (ICV) programme is based on three core pillars:
- Omanisation through employment, education, training and development.
- Supporting local community contractors.
- Assisting in developing and promoting newly established Omani companies and ensuring knowledge transfer and training are key collaboration areas.
- Supporting the development of the Super LCCs and recently signed our first contract with Al Sawari.
Health, Safety & Environment (HSE)
CCED is a responsible operator with a non-compromising attitude towards HSE. Strong and visible leadership is delivered through the following commitments:
- TRUST
We will always behave in a way that builds trust amongst employees and contractors, that we put safety first and individuals clearly feel that the primary expectation from us is to perform all operations and daily duties safely.
- COMMITMENT
We will always promote CCED’s Life Saving Rules and behave in a way that builds confidence in individuals that, when followed, these rules will provide a safe working environment.
- EMPOWERMENT
We will always behave in a way that ensures individuals feel empowered to stop any operation or activity, without repercussion, if they feel that it may not be safe or they do not understand what they should be doing.
- ZERO TOLERANCE
We shall at all times show zero tolerance of unsafe behaviours and shall demonstrate a culture of intervention, stopping incorrect/unsafe behaviour and acknowledging good behaviour.
We believe these commitments will deliver our goal of an environment where all employees and contractors, both Field and Office based, share the “value” that all our operations and daily duties can and will be delivered with “zero injuries”.
Below are some of CCED’s HSE initiatives delivered in 2020;
- Safety Culture & Life Saving Rules
As part of creating a common safety culture; CCED introduced its New Life Saving Rules, in-line with international best practices. Along with this, CCED launched an online training platform for its employees and contractors which included LSR training and HSE induction.
- Occupational Health
As part of its efforts to protect employees from being exposed to COVID-19 and minimize the quarantine period required from employees, CCED established its very own COVID-19 lab and screening process for all employees and contractors entering the field.
- Contractors HSE Performance reviews
Building its relationship with contractors, CCED conducts monthly HSE performance reviews to ensure continuous collaboration between teams on HSE performance matters.
Major Projects
CCED is identifying new exploration opportunities through existing and new seismic acquisition, in depth technical studies and leading edge evaluation techniques. These opportunities are intended to test new ideas in terms of the stratigraphic/ structural trap concepts/ new plays as well as existing field extensions/trends.
Exploration and Appraisal Discoveries
1.1.1 Anan-1 (Exploration): Spudded in 25-11-2020, Completion Date: 31-12-2020 (oil discovery).
3D seismic acquisition
Block3 North 3D EXT (2,616 sq.km)
- 31 October 2019, starting date.
- Completed on the 8th of April 2020.
3D seismic Processing
Block3 North 3D (1,730 sq.km)
- 01 November 2019, starting date.
- Completed end May 2020.
Block3 North 3D EXT (2,616 sq.km)
- 09 May 2020, starting date.
- Status: 100 % completed.
- End December 2020 completion date.
Seismic Re-Processing
1.1.2 Advance structural 3D depth imaging (241 sq.km)
- 03 June 2020, starting date.
- Status: 85 % completed.
- Planned Completion date End February 2021
1.1.3 Seismic Merge
- Start Date: 12 October 2020
- Current: 65 % completed
- Planned Completion date End February 2021
Well Drilling Program
Wells activities were reduced in 2020 due to the low oil price market environment, however with the current healthier business environment, wells activities will quickly increase in line with the recently approved business plan for 3 rigs.
In 2020, 25 wells were delivered including the Anan-1 discovery well. Sustainable performance improvements have been seen in most of well type portfolio across Farha, Shahad, Erfan, Samha and Ulfa. Several improvement projects were implemented which contributed to reducing well duration and cost, thus reducing the gap to potential. Further efforts are ongoing to prevent downtime events, improve drilling efficiency and sustain the improved drilling performance”