Masirah Oil

Producing oil in offshore Oman.

Masirah Oil holds 100 percent of the Block 50 Oman, an approximately 17,000 sq km offshore concession located in Gulf of Masirah, east of Oman.

First oil was achieved in Block 50 in February 2020 and the approval of the Field Development Plan for the Yumna Field and Declaration of Commerciality were obtained in July 2020.

Operations

Block 50 Oman

The offshore Block 50 concession in Oman is a key asset of the Group. The Group successfully achieved first oil in the Yumna Field in February 2020. As of 31 December 2022, the Yumna Field had produced 7.1 MMstb of oil.

Qualified Person's Report

Masirah Oil started production operations in the Yumna Field in 2020. The latest Qualified Person’s Reports on the Yumna Field are available here.

About us

Masirah Oil Ltd is an oil producer and holds 100 per cent of the Block 50 Oman, an approximately 17,000 sq km offshore concession located in Gulf of Masirah, east of Oman. Masirah Oil is a subsidiary of Rex International Holding.

Learn More

Careers

Apply now

As a relatively young company, Masirah Oil considers human capital as one of its key assets. The Company embraces diversity and values experience, skills and talent as it aims to build a strong operations team that is aligned to the Group’s values of innovation, integrity and entrepreneurship.

Latest News

PRODUCTION UPDATE - FEBRUARY 2023

2023

March 9th

YUMNA FIELD, BLOCK 50 OMAN UPDATE OF INDEPENDENT RESERVES AUDIT SUMMARY

2023

March 2nd

PRODUCTION RESUMES AT YUMNA FIELD IN BLOCK 50 OMAN

2022

August 8th

UPDATE ON YUMNA FIELD

2022

July 21st

PRODUCTION UPDATE JUNE 2022

2022

July 7th

Our Business

Operations

The offshore Block 50 concession in Oman is a key asset of the Group. The Group successfully achieved first oil in Yumna 1 in February 2020. The well came in as prognosed and confirmed the updated reservoir model.

Block 50 Oman

The offshore Block 50 concession in Oman is a key asset of the Group. The Group successfully achieved first oil in Yumna 1 in February 2020. In 2020, 2.12 million barrels of oil were produced and sold from the Yumna Field.