يعاني المساهمون في شركة بترول رأس الخيمة من تجاهل تام لاتصالاتهم واستفساراتهم، عن مستقبل أموالهم التي أودعوها في الشركة، ولا يعرفون الى اليوم ما هو مصـيرها، وعــبر الكثير منهم عن استيائهم لعدم قيام الشركة بالاتصال بهم أو ارسال التقارير الدورية إليهم، التي تفسر الصمت والغموض الذي يلف الشركة، وأكد عدد من المساهمين أنهم لا يعرفون عن نشاط الشركة ولا عن مصير أموالهم أي شيء الى الآن!!
ط§ظ„ط¥ظ…ط§ط±ط§طھ ط§ظ„ظٹظˆظ… – ط§ظ„ط£ط®ط¨ط§ط±
شركة أخرى من شركات بيع الأسهم!!!
RAK Petroleum » Our Asset
——————————————————————————–
I. Executive Summary
Rak Petroleum holds an interest in and is operator of five (5) concessions in the Sultanate of Oman (Oman) and one (1) concession in Ras Al Khaimah, United Arab Emirates (UAE). The company has an extensive work programme covering exploration, appraisal, development and producing operations.
Exploration expenditure in 2008 is expected to be US$80 million. The company has acquired 752 km of 2D seismic in early 2007 and is committed to drill 2 exploration wells in 2008 to a maximum depth of 5,740 metres. Plans for a further 3 exploration wells and 1 appraisal well in 2008 and 2009 are dependent on the results of the seismic recently acquired.
Production from Rak Petroleum’s offshore gas / condensate field, Bukha, is predicted to be 19 MMscfd in 2008 and 16 MMscfd in 2009 with associated condensate and LPG of 65 barrels per MMscf. Development of the nearby West Bukha field is currently progressing with first production expected in 3Q 2008. This will increase production by a further 35 MMscfd and 12,000 bpd.
Work Programme
Click to see detailed work program in PDF Version
II. Assets
RAK Petroleum’s upstream assets were obtained by acquisition in 1Q 2007. The current focus of the assets is in the Sultanate of Oman (Oman) and the United Arab Emirates (UAE). The table below summarises RAK Petroleum’s interests. RAK Petroleum is operator of all of its interests.
RAK Petroleum’s assets consist of a mixture of a producing field, a current development, a near term development following appraisal, exploration which is in the drilling phase as well as exploration in the pre-drilling evaluation stage. This mixture of assets in different phases of maturity provides RAK Petroleum with cash flow as well as a long term future work programme that has significant upside potential.
Block
Country
Percentage Interest
Fields / Prospects / Leads
Partners
Block 8
Oman
40%
Bukha – Producing field; West Bukha – Development
LGI (50%), Heritage (10%)
Block 31
Oman
50%
Jebel Hafit – Prospect; Wa’bah – Lead
Indago (50%)
Block 47
Oman
50%
Izz, Zad, Khabshat
– Prospects; Dham, Sadood – Leads
Indago (50%)
Block 43a
Oman
50%
Kahal – Lead
Indago (50%)
Block 30
Oman
100%
Nadir, Al Sahwa, Hafir, Hamrat Duru – Discoveries
Rak Saleh
UAE
40%
Saleh – Producing Field
Rakgas (60 %)
1. Oman
1.1 Block 8 – Bukha and West Bukha
RAK Petroleum (through its subsidiary RPOL) has a 40% participating interest in the Block 8 concession. This asset is the source of our existing cash flow from the Bukha field and our current field development, the West Bukha field.
Bukha is an offshore gas-condensate field, producing since 1994, with Proved plus Probable remaining reserves at 31st Dec 2007 of 35 Bcf of residue gas and 2.4 million bbl of condensate plus LPG. Total field production during 2007 averaged 1,585 bbl/d of condensate and LPG, and 23.2 MMscf/d of gas. Future production is predicted to be 20 MMscfd in 2008 and 16 MMscfd in 2009 with associated condensate and LPG averaging around 65 barrels per MMscf.
The field has two producing wells, one subsea and one platform completed. The platform is an unmanned four slot jacket. The well stream product is sent onshore via a 16″, 34 km pipeline to the onshore gas processing plant located in Ras Al Khaimah, UAE (Rakgas). Gas and LPG is sold to local markets whilst the condensate is exported to international buyers via an offshore loading single point mooring.
Rak Petroleum has an office located in Ras Al Khaimah where operations and maintenance staff are based allowing easy access to the platform via a dedicated work boat. This office is soon to be relocated to Khasab on the Musandam Peninsula.
During 2006 the West Bukha-2 appraisal/development well was drilled to the target Cretaceous age carbonates (the same formations as Bukha) in a large, discovered gas-condensate accumulation which straddles the Oman-Iran border. The well proved the commerciality of the field and produced at rates of circa 25 MMscfd and 8,500 bpd from the main target reservoir (Mishrif / Mauddud) and over 4,000 bpd from the secondary target reservoir (Thamama).
The Block 8 Joint Venture (BJV) has permission to develop the reserves which lie on the Omani side of the field. Fabrication of the offshore facilities including a 6 slot platform and 12.75″ pipeline tie-back to the existing Bukha platform is underway. First production is expected in 3Q 2008 with product being processed onshore in the existing Rakgas facility for the first 3 years.
Production will initially be from two wells with plans to further increase production through additional drilling once analysis of the early production data is available. Operation of the facility will be conducted by Rak Petroleum’s existing staff.
1.2 Block 30
Block 30 is located in central Oman to the south east of the mountain range. The block contains four existing gas discoveries which RAK Petroleum hopes to commercialise.
Three of the discovered fields, Nadir, Al Sahwa and Hafir, known as the NASH trend, lie to the south west of the mountains. These fields can be jointly developed with a common gathering and processing system. The fourth field, Hamrat Duru, located under the mountain range, is accessible via a wadi and can also be jointly developed with the NASH trend fields.
Commercialisation has proved elusive in the past due to variable gas quality and uncertainty in the reserve base. This can be resolved through one or more of:
Agglomeration of the Block 30 reserves with a discovery in Block 47.
Appraisal of the Hamrat Duru structure which tested gas in the Natih reservoir but has not been tested in the Shuaiba reservoir. The Hamrat Duru structure also extends into Block 47 as the undrilled Khabshat prospect
Successful exploration of one or more structures (e.g Harran or Prospect ‘C’) which have been identified by RAK Petroleum.
Changes to the input gas specification in the nearby pipeline (~ 16 km from the block boundary).
In anticipation of the results from Hawamel and Zad (in Block 47) we are completing our technical evaluation of the existing discoveries, and exploration prospects, for integration into a wider Block 30 / Block 47 exploitation programme.
1.3 Block 31
Block 31 is located in western onshore Oman covering an area of 3,526 sq. km. RAK Petroleum holds a 50% share of this concession and is operator
RAK Petroleum technical staff have identified and defined a large, drillable prospect known as Jebel Hafit in this block, which if successful has the potential to be a giant field with mean targeted reserves of 3,650 billion cubic feet of gas and 500 million barrels of associated condensate liquids (RAK Petroleum management estimates). Jebel Hafit is a hanging wall anticline with Cretaceous reservoir targets. The Jebel Hafit prospect straddles the border between the Sultanate of Oman and the Emirate of Abu Dhabi. Analogue fields include the Margham and Sajaa fields in the United Arab Emirates.
The Al Jariya 1 well is currently being drilled on the Jebel Hafit prospect having spud in February 2007. The well is a deep high pressure, high temperature well.
There is a key pipeline within 25 km of the structure which carries gas to both Sohar, a site of major industry development in Oman, and also into the UAE
Seismic was acquired in 2007 over a further lead, Jebel Wa’bah, which is currently being interpreted
1.4 Block 47
Block 47 is located in northern central onshore Oman covering an area of 7,450 sq. km. RAK Petroleum holds a 50% share of this concession and is operator.
RAK Petroleum staff identified the Izz prospect with mean targeted reserves of 367 billion cubic feet of gas and 2 million barrels of associated condensate liquids in the target Cretaceous age reservoir. The structure is a 4 way dip closed anticline above salt pillows. The Hamrat Duru field located in Block 30 is an analogue field. The Hawamel 1 well was drilled in 2006 to test the Izz structure. The well was suspended for further investigation with a possible horizontal test being considered.
The Adam prospect has also been identified with targeted mean reserves of 655 billion cubic feet of gas and 35 million barrels of associated condensate liquids in the target Amin sandstone reservoir. The structure is also a 4 way dip closed anticline above salt pillows. The large Kauther field discovered by PDO is an analogue field. The Adam prospect will be tested by drilling the Zad 1 well planned for 2008.
2 other leads, Dham, Sadood and the Khabshat prospect, also exist in the block. 2D seismic has been acquired over these 3 leads in late 2006 and early 2007 and is now being processed. The Dham and Sadood leads together with the Khabshat prospect represent further upside in Block 47 ranging from 50 Bscf to 500 Bscf potential reserves in each.
Commercialisation of any discovery is enhanced through the proximity of the major pipeline which runs through our block to the capital and largest population centre, Muscat. The pipeline cuts between Zad and Hawamel which are both within 10 km of this line.
1.5 Block 43a
Block 43a is located in northern central onshore Oman covering an area of 2,923 sq. km. RAK Petroleum holds a 50% share of this concession and is operator.
The Block 43a concession was signed in June 2006 with a three year term to complete seismic acquisition and conduct technical studies with the aim of identifying a drillable prospect.
2D seismic has been acquired over the Kahal lead in early 2007 and is now being processed. Analogue fields are the Margham and Sajaa fields location in the UAE.
2. Ras Al Khaimah
Ras Al Khaimah (RAK) is the northernmost emirate of the UAE. Currently the emirate has minor hydrocarbon production and is mainly dependent upon imports for both gas and oil.
Rak Petroleum has previously held and onshore exploration concession in RAK, which was relinquished in 2006 and RAK B relinquished in 2007. In 2006 we signed a concession over the existing Saleh field, where we are partnered by the Ras Al Khaimah Gas Company (Rakgas).
2.1 RAK Saleh
RAK Petroleum is a 40% partner with Rakgas in a project to revitalise the aging Saleh field, a multi well, multi platform development that has been producing since 1984, located 42km offshore. After peaking at approximately 70 MMscf/d gas rate and 13,000 bbls/d condensate rate in 1986 the production has declined due to pressure depletion and encroaching water. Saleh production now currently averages approximately 100 bbls/d of condensate and small amounts of gas. The gas / condensate product is treated at the onshore processing plant in Ras Al Khaimah operated by Rakgas, which also processes production from the RAK Petroleum operated Bukha field.
The Joint Venture (RAK Petroleum as operator with 40% and Rakgas with 60%) is conducting a full study of the field including the processing and interpretation of a 3D seismic volume that was acquired previously. RAK Petroleum hopes to improve significantly imaging of the sub-surface geology using the latest seismic processing techniques and equipment. RAK Petroleum believes the field could have remaining, unrealised potential which may result in the drilling of additional production wells to enhance production rates and increase the recoverable reserves.
April 2007
RAK Petroleum on course to becoming global oil & gas player
April 2007
RAK Petroleum PCL Announces Agreement to Acquire Gulf Keystone Petroleum Limited
More >>
Back to Home
Copyright 2008. All Rights Reserved