Undersecretary of Ministry of Energy visits oil, gas and social investment projects in Musandam

Business Monday 20/November/2023 19:08 PM
By: Times News Service
Undersecretary of Ministry of Energy visits oil, gas and social investment projects in Musandam

Muscat: Mohsen bin Hamad Al-Hadhrami, the Undersecretary of the Ministry of Energy and Minerals (MEM), toured the state projects managed by OQ, the global integrated energy group, in the energy sector in Musandam Governorate.

Al-Hadhrami visited oil facilities and plants in the governorate and was briefed about their importance, their production rates, the future investment prospects in these projects, and their development stages during the upcoming years.
OQ’s officials provided an explanation to Al-Hadhrami about the role played by the group in raising the efficiency of operations to increase production and reduce operational costs. They also briefed him on the feasibility studies conducted for a number of projects aiming at maximising the economic value of governmental assets.

Al-Hadhrami also reviewed the social investment projects carried out by OQ in the wilayats of Musandam Governorate. He listened to an explanation about their importance and the progress of their implementation, in cooperation with governmental authorities in the governorate. These projects embody OQ’s corporate social responsibility and its endeavours to serve local communities by creating new job opportunities and partnering with big entities in planning and carrying out projects that contribute to achieving the desired social and economic development.

The projects also enrich the service and tourism businesses at the wilayats of Musandam and reflect its cultural, environmental and tourism aspects. They are considered one of the most important pillars of OQ’s social investment programme.

On this occasion, Dr Ibrahim Al-Saleh, Executive Director of Musandam Oil and Gas Company, said: “Since January 2019, OQ has commenced oil and gas production operations at Block 8 located in Musandam Governorate. This area contains two offshore fields including Bukha and West Bukha, which produce oil and gas and supply gas to the Musandam Power Plant. We achieved a smooth transition of production operations from the previous operator, and maintained production levels above the expected rate by implementing precise well and reservoir management plans.”

“Since the beginning of our operations, we were able to set a development plan for offshore fields to raise the production level. We are currently working on implementing this plan and we hope that we will complete it by the third quarter of 2024. Other production and development programmes for Block 8 are under preparation now. We will set its details during the next year. It is hoped that these plans will increase the production and ensure the continued delivery of gas to the Musandam Power Station to continue supplying the governorate with electricity,” Al-Saleh concluded.