Chinese
company Atlantis in large Oman gas find
Posted: 22 September 2003
Atlantis Oman, a subsidiary of Chinese state oil trader Sinochem,
is drilling a gas reservoir in northern Oman that holds up to 300
billion cubic feet (bcf), an official said.
"We are drilling a reservoir that has a gas reserve of between
200 and 300 bcf," Atlantis Oman spokesman said. "Block
40 has other reservoirs, which we estimate have a combined potential
reserves of 1.5 trillion cubic feet (tcf)," he added.
The block, which was acquired by Atlantis Oman in a production
sharing agreement with the government of Oman, covers an area of
5,353 sq km (2,066 sq miles).
It is located offshore Musandam near the Strait of Hormuz, a strategic
expanse of water shared by Oman and Iran.
Oman signed a number of production sharing agreements with foreign
companies in the last three years to boost its oil and gas reserves.
Officials said that Oman has proven gas reserve of 30 tcf and 5.8
billion barrels of crude oil. (Reuters)
Posted by Richard Price,
Editor Pipeline Magazine
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