Block 3 & 4 is a producing conventional oil field located onshore Oman and is operated by CC Energy Development SAL. The field is located in block Block 3 (Afar) and Block 4 (Ghunaim).
Field participation details
The field is owned by Consolidated Contractors, Tethys Oil and Mitsui.
Production from Block 3 & 4
The Block 3 & 4 conventional oil field recovered 41.29% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 42.75 thousand bpd of crude oil and condensate and 9 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2058. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 153.62 Mmboe, comprised of 151.16 Mmbbl of crude oil & condensate and 14.75 bcf of natural gas reserves. Block 3 & 4 conventional oil field reserves accounts 0.03% of total remaining reserves of producing conventional oil fields globally.
About CC Energy Development SAL
CC Energy Development SAL (CCED) is an oil and gas company that offers production and exploration of crude oil and natural gas assets. The company’s services include development, discovery, and exploration of oil assets. It operates blocks in the Sultanate of Oman. The company produces oil from the Lower Al-Bashair, Upper Khufai, Lower Buah, and Lower Khufai reservoirs and the Barik and Lower Al Bashair reservoirs. It has operations in Oman, Yemen, Palestine, Lebanon, Nigeria, the UK and the US. CCED is headquartered in Beirut, Lebanon.
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.