Muscat, February 11, 2009: Daleel Petroleum LLC, the Joint venture between Mazoon Petrogas SAOC, part of MB Group, and Mazoon Petrogas BVI, part of CNPC, opened its gas treatment plant on February 11, 2009 at the Daleel Oil Field in the Wilayat of Ibri.
The Daleel gas treatment plant was inaugurated under the auspices of H.E Dr. Mubarak bin Saleh Al Khadhuri, Special Advisor to His Majesty The Sultan. The ceremony was attended by H.E Sheikh Mohammed bin Ali Al Qatabi, Minister of Fisheries, H.E Nasser bin Khamis Al Jashmi, The Undersecretary of Ministry of Oil and Gas, H.E Sheikh Hilal bin Said Al Hajri, The Wali of Ibri, H.E Pan Weifang, The Chinese Ambassador, Mr. Mohammed bin Ali Al Barwani, The Chairman of Daleel Petroleum and Mr. Mohammed bin Yahya Al Shabibi, Member of the Joint Management Committee respectively.
Daleel Petroleum in recent years has been using state-of-the art technology and best practices in order to increase production from 5,000 BOPD in 2002 to over 20,000 BOPD today. The company's oil production capacity has been expanded, and recovery rates from existing oil reservoirs have been improved. "We are well positioned to contribute additional production in the future" said Mr. Feng Jianhua the Chief Executive Officer of Daleel Petroleum LLC.
The company's exploration activities in 2009 include more exploration in the east area of the block; with the target to reduce the risk and increase the chance of discovery.
Daleel Petroleum aims towards a world-class environmental company, focusing on health, safety and environment. "We maximize the development of oil and gas reserves in a responsible and cost effective manner for the social and economic benefit of the people of Oman, the shareholders and employees of the company,"added Mrs. Moza Al Adawy, the Chief Operating Officer of Daleel Petroleum.
In 2008, the company's major projects included the gas treatment plant; water treatment plant for water flood project; asphalt road from Mazrooq to the Daleel oil field and Drilling of 30 development, appraisal and exploration wells.
The company reported a Capex investment worth USD 100 million and Opex investment worth USD 40 million for 2009; with oil reserves amounting to 103 million barrel; and gas totaling 105 billion scf.
Over the years, Daleel Petroleum Company has taken significant steps to provide appropriate employment opportunities to the growing number of well-educated Omani citizens; with Omanisation reaching 66%. It puts enough emphasis in training and development of its staff competencies and contributes affectively to the development of Human Resources and Human Intellectual Capital of the Sultanate.
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© Press Release 2009
