Up to 25m barrels oil to be extracted from Oman’s Mafraq oil field

Up to 25m barrels oil to be extracted from Oman’s Mafraq oil field

Between 20 and 25 million barrels of oil can be recovered from the Mafraq Block 70 oil field in Oman, says the company tasked with its extraction.

 

Swedish oil and gas company Maha Energy plans on investing $20 million into the field, with its initial efforts involving precise mapping of the area, before embarking on an aggressive drilling strategy, according to a Times of Oman report.

 

Although this might be Maha's first foray into Oman, its top management are no strangers to Oman's oil and gas setup. CEO Jonas Lindvall has been involved in oil and gas in Oman since 1986, and the company's Vice President of Exploration and Production, Jamie McKeown, has overseen the drilling of and production from many offshore and onshore wells since the mid-80s.

 

"Maha's philosophy is to acquire existing hydrocarbon assets and increase value by applying modern hydrocarbon recovery technologies,“ said Lindvall. "As such, Maha is more of an engineering-based production and exploration company, rather than the traditional exploration and production company.

 

"The initial plan is to further define and appraise the field so that it can be brought on production in due course,“ he added. "Secondly the company plans on drilling further exploration wells in the area. To