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PRODUCTION UPDATE MARCH 2022

Updated: Apr 13, 2023

MASIRAH OIL LTD-PRESS RELEASE


Muscat, 18 April 2022: Masirah Oil Limited (“MOL”) today announced that gross oil production in March 2022 from the Yumna Field in offshore Block 50 Oman, amounted to an average of 6,227 stock tank barrels per day (stb/d) over 23 days (Full month average: 4,637 stb/d).


Production was halted for eight days in March 2022 to carry out a planned change of the floating storage tanker and for the planned change-out of the Mobile Offshore Production Unit (MOPU) with upgraded facilities on-board.


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


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