Masirah Oil said drilling of three development wells in the offshore Yumna field in Block 50, Oman, is expected to begin in May.
Masirah Oil, an indirect subsidiary of Rex International Group, is the operator of Block 50 Oman and holds a 100% interest in the block.
The drilling program marks the next step in the development of the Yumna field, following earlier progress in the license area. In 2014, the GA South well delivered an oil discovery, described by the company as the first offshore discovery east of Oman after 30 years of exploration activity in the area.
The group reached first oil in February 2020. This was followed by the Declaration of Commerciality in July 2020.
With the next phase now scheduled to start in May, the company is moving ahead with three development wells in the offshore block.
