Oman Block 50

Masirah Oil are seeking a parter to fund development of the Yumna Field.

On 4 February 2014, an oil discovery called GA South (subsequently renamed Yumna) was announced in Block 50. During a 48-hour test, hydrocarbons were flowed to the surface and the well achieved a flow rate of 3,500 stock tank barrels per day of light oil with no water production. The discovery is significant as it is the first offshore discovery east of Oman after 30 years of exploration activity in the area. The discovery won the “Offshore Discovery of the Year” award in Oman.

Yumna 2 commenced production on 23 January 2021 while Yumna 3 commenced production on 18 February 2021. In mid-March 2021, the Yumna Field process facilities were upgraded and the liquid handling capacity on the Mobile Offshore Production Unit (MOPU) was increased. The production rate is being regularly optimised to maximise recovery from the field. The Group’s vision is to establish viable long-term production and substantially increase the oil reserves in Block 50.


Asset Name : Oman Block 50
Continent : Middle East
Country : Oman
Location : Offshore
Project Phase : Appraisal / Development
Latitude : 19.9680973
Longitude : 58.3091061
Operator : Masirah Oil
Farmout company : Masirah Oil
Mandated Agent : none
Work Programmes : Development
Equity Offered : 20 - 40%
Deal Status : Open
FarmoutAngel Valuation : $25,000,000 - $50,000,000
FarmoutAngel confidence : Low
Consideration Sought : $12,000,000

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