RAK Petroleum Announces Farm-Out Agreement With Repsol in Block 47 Oman

Energy > Oil/Gas

RAK Petroleum Announces Farm-Out Agreement With Repsol in Block 47 Oman

16 Aug, 2010 @ 03:57 am EDT

Comments 5

EMAIL
PRINT
TEXT SIZE : A A A

Oil/Gas, Middle East

DUBAI, UAE, August 16, 2010 /PRNewswire/ -- RAK Petroleum Public Company Limited, the oil and gas exploration and production company, today announced the farm-out of a 50 percent interest in Block 47 onshore the Sultanate of Oman to Repsol Exploracion, S.A., subject to Government approval. RAK Petroleum will retain operatorship of the Block.

"Repsol is a partner of choice for RAK Petroleum, bringing a wealth of experience and expertise to this project," noted Bijan Mossavar-Rahmani, Chairman and CEO of RAK Petroleum.

The partnership plans to drill the Zad prospect with the well expected to spud in October 2010. The well is estimated to take three months to drill and is targeting the Amin sandstone reservoir, similar to the Kauther field discovered by Petroleum Development of Oman to the southeast of the Block.

"While the Zad prospect is purely an exploration play, it is conveniently located close to both gas and oil pipelines and presents a favourable development opportunity if a discovery is made," said Mossavar-Rahmani.

RAK Petroleum Public Company Limited is registered in the Free Trade Zone of the Emirate of Ras Al Khaimah and is operator of seven blocks in the Sultanate of Oman and in the United Arab Emirates, of which one is in the production phase, three are in the exploration phase, and three are undergoing appraisal for possible development/redevelopment. RAK Petroleum also has a non-operated 30 percent interest in the Hammamet Offshore license in Tunisia and a 30 percent shareholding in the publicly-traded Norwegian oil and gas company DNO International ASA (http://www.dno.no), whose principal producing properties are located in the Kurdistan Region of Iraq and the Republic of Yemen.

SOURCE RAK Petroleum

Next Article: African Steam Turbine Market Set to Grow Amidst Rising Electricity Demand, Notes Frost & Sullivan

For more iinformation, go to www.prnewswire.com

Comments: 1

15.

barbour sale

January
4th, 2012
10:18pm

The Barbour jackets parka is one of the most long lasting types of Barbour sale protecting outfits available. The Barbour Jackets women has several features, that Barbour coats allow certain excess components be taken out. The Barbour international hoody and sleeves could be detached using the zips and buttons that Barbour uk permit reattachment. Each of these ladies Barbour jackets features makes Barbour quilted jacket suitable for everyday wear as well. Parka jackets Barbour bamburgh jacket are large outdoor jackets with hoods. Usually, Barbour men's jacket parka they are stuffed with down or synthetic down, Barbour men's vest are fur or flannel-lined and the hoods Barbour girls beadnell jacket are fur-lined as well. Parkas Rainbow International Jacket are designed to be all-weather-proof, supplying warmness boys chelsea jacket Barbour and rainwater protection. Parka outdoor Barbour Classic Duffle Coat are liked by those who enjoy winter sports.

This season, Barber Jackets will be one of the most popular additions to the wardrobes of the most fashionable people around today. They have already been an admired feature on catwalks throughout the world, whether London, Paris, or New York, are Quilted Barbour Jackets this year's biggest fashion statement. Trendy, stylish, and sophisticated, anyone with even a passing interest in fashion would have heard of this manufacturer of outdoor jackets. To own a Barbour Quilted Jacket is to make a statement to the world: ‘I love fashion, and I know what's hot and what's not'. To wear Barbour Jacket is to imbue you with a feeling of royalty, of an impression of regal greatness; indeed, these Barbour International Jackets truly reflect a high-status in society.To be sure, the Barbour Jackets Women is an expensive way of ensuring you remain fashionable for another season. Nonetheless, the price is a reflection on quality and style, no other manufacturer of clothing has managed to convey the same messages that Cheap Barbour Sale has. The advantages of owning such a prestigious item of Barbour sale clothing far outweigh the expense of doing so.

Because of the natural classic look these Women Barbour Jackets , Barbour Jackets mens ,Childrens Barbour Jackets suggest about the wearer, they are clearly appropriate for many occasions. Whether you wear yours to the pub, or to the wedding of your closest friend, you can be sure that you will not look out of place. Moreover, these Barbour Ladies Jackets are suitable across the seasons, in winter, they Quilted Jacket keep the wearer wonderfully warm, in summer, they keep of the drizzle, a staple favourite of weather systems throughout the UK! Their specialist materials are much like silk in the qualities they provide, providing warmth during a cold spell, but equally, managing to keep you cool during a warm spell – this is no surprise, many ‘country' style devices provide these qualities, just think about the thatched house; cool in summer, warm in winter,that is Barbour Jackets sale.

Aside from the provision of all things practical – their weather proofing, their warmth and cooling properties depending on the season, the depth of their pockets, their protection from rain, etc – Barbour jackets are also a fantastic fashion accessory. The image they invoke is one of class and sophistication, and by wearing such an item, you will reflect the same sentiment. This season, they are particularly fashionable – given the townie/country look that touted by the fashionista throughout the world at present. Wear with a pair of chinos, or skinny jeans, and perhaps a lumberjack shirt and narrow tie, and you will ‘hit the hammer on the head' by way of fashion this season.

In terms of style and comfort, therefore, there is no better jacket than Barbour jacket, made from the finest quality and in the most fashionable designs; you cannot go wrong when purchasing Barbour jackets.

http://www.barboursale2012.com http://www.barbourjacketswomen.biz

14.

sengnn163

December
28th, 2011
7:55pm

Welcome to buy The Newest Cheap Timberlands from our Timberlands for cheap online shop,Save 70% OFF.We sell all kinds of timberlands for men and women from all over thr world. Timberland Hiking Boots make everyone step into the healthy and safe life. Discount shoes Timberland can be wore in chilly winter and hot summer. Timberland boots fit mountain climbing, hiking and Cheap Timberland mens 6-Inch Boots working long time in the snow. You could easily get cheap Timberland Roll-top Boots and enjoy yourself here.

13.

lacoste uk

December
6th, 2011
11:53pm

The dashing and extraordinary tiffany jewellery you get will attract every eye in a crowd and makes you feel more confident. If you are not having tiffany and co yet, check them out and own them now as were not so affordable ever before. You will not miss them out. Be it Christmas or Valentine's Day or any other special day that you would like to celebrate, a tiffany co jewellery gift would be just perfect for any occasion. Many people think of the perfect superdry uk to purchase for their loved ones. Even if you shop for your special occasion at the last moment, you are sure to find something nice at superdry sale. superdry shop gifts are not restricted to just your lover, you could also pick perfect for almost everyone, including your family and friends. What is so extraordinary and unusual when it comes to superdry kids is that you have an option to pick and select your own to be attached onto the of your preference. Just in the range of superdry outlet, it provides options of a standard or you could opt for the obsidian. Once you select the bracelet, then you select the charms to be supplemented onto the bracelet.

12.

tiankong12

November
16th, 2011
3:44am

11.

moncler outlet

October
18th, 2011
10:04pm

Moncler outlet different way keep your style experience existence each period. If you don comfortable classy moncler outlet online, you not able aid shedding with full confidence style moncler branson carry you! In terms your famous company, Moncler Outlet move inside style world, proceeds establish progressively more style . moncler online achieve additional people style requires.mens moncler people get yourself a several theme moncler wall socket, shades, using your black Moncler Online raise thnt sense effectiveness, worn-out usually harmonized using very nearly relaxation your wardrobe. Belstaff Online dditional chooice upon coloring choosing. Belstaff Outlet are comfort and warmth in awesome winter. The Belstaff UK will keep you super warm and comfy in freezing weather. Whether you are searching for women or Christian louboutin outlet, you will discover some issues you need to bear moncler branson in mind before buying one moncler angers. Aside from the aesthetic value, you will discover also much more that you need to contemplate. Just in case you intend to moncler loire become sporty, then, you have to rather visit a skiing suit or perhaps a Christian louboutin boots. Probably the most convenient may be the best cat boots uk. Then, whenever you made the decision get to taking pleasure in yourself, you need to you should get some warm Louboutin uk and then try to look for a couple of of the extremely best searching Moncler jackets kids available. If you have worn the cat boots and Moncler Boots

Post Your Comment

About IBT PR Center

The IBTAnnouncement Service helps investors discover the latest information reported by companies in which they are invested, including changes in voting rights, net asset values, and more.

Popular Tags