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PGNiG to Start Operations within Ras Al Khaimah Licence Area

Gasoil News - Published on Mon, 02 Dec 2019

Image Source: PGNiG Ras Al Khaimah
The first phase will involve geophysical survey to be performed using 3D seismic imaging. The work is due to start in December. The survey will be performed by Geofizyka Torun, a PGNiG Group company. To perform the survey in the emirate of Ras Al Khaimah, Geofizyka Torun will use four vehicles to generate seismic waves and approximately 30,000 sensors geophones. The vehicles will be moving around an area of about 350 square kilometres, while the geophones will be spaced across approximately 735 square kilometres. The company intends to employ a staff of about 300 to do the job. The survey will be carried out from December 2019 until the end of February 2020. The processing and interpretation of the acquired seismic data will last until the fourth quarter of 2020. Based on the results, PGNiG will decide on further steps with regard to the licence area. PGNiG president Mr Piotr Wozniak said "This is a turning point for our operations in the United Arab Emirates, one of the leading regions in terms of global hydrocarbon production. The survey will help us estimate the licence area’s resource potential and identify the best drilling locations.”

PGNiG was awarded the Ras Al Khaimah licence in the licensing round held in December 2018. In January, the company signed an exploration and production sharing agreement with Ras Al Khaimah Petroleum Authority and RAK GAS LLC. A dedicated branch headquartered in Ras Al Khaimah is responsible for PGNiG’s operations in the emirate. PGNiG’s licence in Ras Al Khaimah provides for three two-year exploration periods, which may be extended by a two-year appraisal period and thirty-year production period. After each exploration stage, the company may choose to relinquish its interest in the licence.

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Posted By : Yogender Pancholi on Mon, 02 Dec 2019
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