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. The approval of the Field Development Plan for the Yumna Field and Declaration of Commerciality ("DOC") were obtained in July 2020. As of 31 December 2022, the Yumna Field had produced 7.1 MMstb of oil.
Environmental, Social and Governance
As a young company, Masirah Oil Ltd aspires to do its part in the areas of environmental, social and governance (ESG). Besides taking a serious view on Health, Safety, Security and Environment (HSSE) management, the company has also participated in various community related activities.
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.