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PRODUCTION UPDATE NOVEMBER 2022

Updated: Apr 7, 2023

MASIRAH OIL LTD - PRESS RELEASE


Muscat, 7 December 2022: Masirah Oil Limited (“MOL”) today announced that gross oil

production in November 2022 from the Yumna Field offshore Block 50 Oman, amounted to an average of 3,811 stock tank barrels per day (stb/d) over 30 days. This period includes 5 days of production shutdown to facilitate the drilling programme for Yumna-4 Deep and reduced production due to the workover programme on Yumna-3 to replace the electrical submersible pump (ESP) of the well. Production had since been increasing and reached 6,000 stock tank barrels on 30 November 2022.


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


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