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PRODUCTION UPDATE OCTOBER 2022

Updated: Apr 13, 2023

MASIRAH OIL LTD - PRESS RELEASE


Muscat, 9 November 2022: Masirah Oil Limited (“MOL”) today announced that gross oil production in October 2022 from the Yumna Field offshore Block 50 Oman, amounted to an average of 3,678 stock tank barrels per day (stb/d) over 31 days. This includes 7 days of either no production or restricted production during the positioning of the jack-up rig and driving of conductor pipe in preparation for the scheduled drilling campaign. In addition, Yumna-3 was shut down for the last 5 days of October when workover activities began to replace the electrical submersible pump (ESP) of the well. The workover of Yumna-3 has continued into November.


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


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