Circle Oil to begin drilling programme in Oman

Exploration firm says it is entering ‘exciting and busy’ period

Professor Chris Green,  CEO of Circle Oil . Photograph: Frank Miller /The Irish Times
Professor Chris Green, CEO of Circle Oil . Photograph: Frank Miller /The Irish Times

Oil and gas and exploration firm Circle Oil has announced a new drilling programme in Oman.

In an operational update, the company also said its production in Egypt was now at 11,200 barrels of oil per day and 11 million standard cubic feet of gas per day.

The company said its farm out process had begun for Tunisia, and its Moroccan campaign was ready to begin once the heavy rains had ended.

"Circle is now entering an exciting and busy operational period in all of its geographies," said chief executive Professor Chris Green. " Drilling operations offshore Tunisia and onshore Oman approach and we await the end of our frustrating delays in Morocco and being able to start our multi-well drilling campaign."

Ciara O'Brien

Ciara O'Brien

Ciara O'Brien is an Irish Times business and technology journalist