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PRODUCTION UPDATE DECEMBER 2022

Updated: Apr 7, 2023

MASIRAH OIL LTD-PRESS RELEASE


Muscat, 10 January 2023: Masirah Oil Limited (“MOL”) today announced that gross oil

production in December 2022 from the Yumna Field in offshore Block 50 Oman, amounted to an average of 4,673 stock tank barrels per day (stb/d) over 31 days. This period includes 3 days of reduced production due to the Simultaneous Operations (SIMOPS) programme with Yumna-4 drilling activities and 2 days of production shutdown based on demobilisation of the drilling rig after the drilling campaign.


MOL is the Operator and holds a 100 per cent interest in Block 50 Oman.


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