Qarat Al Milh Petroleum LLC
Qarat Al-Milh Petroleum, owned by the Zubair Corporation and ARA Petroleum LLC, was established in 2016 to explore, develop, and produce hydrocarbons in the PDO QSF contract area.
Qarat al Milh Petroleum was awarded the 24 year contract on 1st September 2016 and commenced operations in the contract area on 1st March 2017 after passing the PDO audit for safe operation.
The main aim is to maximize commercial production of oil and associated gas from fields and discoveries, whilst increasing recovery factors from producing reservoirs. We are dedicated to maximize the in-country value in the Sultanate of Oman.
For more information see Qarat al Milh Petroleum
ARA Petroleum Oman Block 44 Ltd
As per the announcement to The Stock Exchange of Thailand on 19th August 2016, ARA Petroleum LLC has signed a Sales and Purchase Agreement (SPA) to acquire PTTEP Oman Company Limited, which holds a 100% interest in Oman’s Block 44. The completion of the SPA is subject to customary closing conditions.
Block 44 is primarily a natural gas and condensate development. ARA’s intention is to carry out workover and drilling campaigns during 2017 and 2018. Additional engineering studies will begin imminently and be carried out with a view to developing an optimal life of field development plan.More details to follow in due course.
ARA Petroleum Oman Block 44 Ltd is wholly owned by the ARA Petroleum LLC.
On 2nd August 2016, ARA Petroleum LLC confirmed its acquisition of 29.9% of the shares in Aminex PLC, a LSE listed oil and gas operator with a balanced portfolio in East Africa.
Aminex plans to continue the development of the Ntorya discovery in a drive towards near term production in the Ruvuma PSA while maximizing value in Kiliwani North Development.
ARA Petroleum looks forward to its involvement in the ongoing work programs and adding technical and commercial value as the Cornerstone investor.