Independent oil and gas exploration and production company CC Energy Development (CCED) plans to invest around USD340 million to augment exploration and production facilities in its Block 3 and 4 acreage in central Oman. This is in addition to an estimated USD1.3 billion already invested in the two adjoining concessions since CCED acquired operatorship of the blocks in 2009. Production from the two blocks has ramped to over 40,000 barrels per day (bpd) in 2015 from zero in 2009. (Oman observer)
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