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. The approval of the Field Development Plan for the Yumna Field and the award of Declaration of Commerciality ("DOC") were obtained on 12 July 2020. In 2020, 2.12 million barrels of oil were produced and sold from the Yumna Field.
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.