Circle planning to drill Oman asset

Circle Oil is set to further develop its Middle Eastern assets later this year with both drilling and farm-out activity planned.

The work is planned for its operations in Oman, where Circle has held two licences for the past nine years — one onshore and one offshore.

The company is aiming to drill an exploration well at its Block 49 concession, located close to the Saudi border, and has similar plans for its offshore Block 52 licence in the Arabian Sea.