Business > Overview
Overview
RAK Petroleum holds an interest in and is operator of four concessions in the Sultanate of Oman and three in the United Arab Emirate of Ras Al Khaimah in respect of which the Company has an extensive work programme covering exploration, appraisal, development and producing operations.
The Company also holds a non-operated interest in the Hammamet Offshore licence, Tunisia.
Production from the offshore West Bukha oil and gas field currently averages 9,000 barrels per day of oil and associated liquids and 27 million cubic feet per day of dry gas. The nearby gas and condensate field, Bukha, produces another 10 million cubic feet per day of gas and 800 barrels per day of associated liquids. Both fields are located in Oman Block 8 and are operated by RAK Petroleum with a 50 percent participating interest.