Middle East specialist RAK Petroleum achieved average production during 1Q 2011 of 9,000 b/d of oil and condensate and 33 MMcf/d of gas.
Offshore staff
DUBAI, UAE -- Middle East specialist RAK Petroleum achieved average production during 1Q 2011 of 9,000 b/d of oil and condensate and 33 MMcf/d of gas.
Next month, the company will start a drilling campaign which is set to run through summer 2012. This includes three development wells on the Bukha and West Bukha fields in block 8 offshore Oman, where RAK has a 50% operated interest; and deepening of the existing S-5 well on the Saleh field, offshore Ras Al Khaimah (RAK 100%) as a first step toward full-field redevelopment
Toward end-April, the company concluded an exchange agreement with RAK Gas LLC for the remaining 60% of the RAK B field offshore Ras Al Khaimah, in exchange for a legacy stake in RAK Airways PJSC shares.
