$15,000,000
Oman Block 44
ARA Petroleum are seeking a partner to help fund the developmnet an production of the Shams and Muhamir Fields.
The operatorship of Block-44, which covers an area of 1,162km2, commenced at the beginning of 2017, which entailed the management, operation and production of the existing wells within the Shams and Munhamir fields.
Details
Asset Name
: Oman Block 44
Ref
: ME-OM-BLOCK44
Continent
: Middle East
Country
: Oman
Location
: Offshore
Project Phase
: Production
Latitude
: 23.4422777
Longitude
: 55.6546563
License Start
: 2017
Operator
: ARA Petroleum
Farmout company
: ARA Petroleum
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: Low
Consideration Sought
: $15,000,000