Block 3 & 4 is a producing conventional oil field located onshore Oman and is operated by CC Energy Development SAL. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Block 3 (Afar) and Block 4 (Ghunaim). Buy the profile here.
Field participation details
The field is owned by Consolidated Contractors, Mitsui and Tethys Oil.
Production from Block 3 & 4
The Block 3 & 4 conventional oil field recovered 50.17% 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 9.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2057. The field currently accounts for approximately 2% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 133.51 Mmboe, comprised of 131.78 Mmbbl of crude oil & condensate and 10.41 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.
For more details on the Block 3 & 4 Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
