RAK Petroleum farms out Block 47 in Oman

17 August 2010

RAK Petroleum has subcontracted a 50% interest in Block 47 onshore the Sultanate of Oman to Repsol Exploracion, while retaining operatorship of the Block. The partnership plans to drill the Zad prospect with the well expected to spud in October 2010. It is thought the well will 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.

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