On 3 November 2019, CC Energy Development S.A.L. (Oman) Ltd (CCED) spudded the Yamin 1 exploration well in Block 4 (Ghunaim). The well completed drilling operations in in mid-November 2019 after reaching a TD of 1,560 m in the Proterozoic Masirah Bay Formation. CCED is continuing to evaluate the well results however, according to the Q4 2020 report of partner Tethys Oil AB, the well encountered oil shows whilst drilling but failed to flow oil to surface on testing. The well was designed to evaluate the Proterozoic Khufai formation. CCED operate Block 3 (Afar) and Block 4 (Ghunaim) with a 50% interest, the remaining interests are held by Tethys Oil (30%) and Mitsui E&P Middle East B.V. (20%).
Yamin 1 nfw. (CCED 50% op, Tethys Oil 30%, Mitsui 20%) in Block 04 (Ghunaim), TD=1560m (Proterozoic Masirah Bay Fm.) in Nov '19, results now under evaluation. 