Indago Petroleum Ltd said it has entered into a new joint petroleum concession agreement with the Government of Ras Al Khaimah, in the UAE, over the offshore Saleh field, but has given up its Ras Al Khaimah onshore license.
The new concession area encompasses a producing offshore gas field located 42 km offshore Ras Al Khaimah, which produces just 100 bbls/d of condensate and small amounts of gas. Indago said it ‘hopes to improve significantly imaging of the sub-surface geology using the latest seismic processing techniques and equipment.’