On 1 October, it was reported by Shaikh Hamad Bin Mohammad Al Sharqi, that a Ukrainian company has recently discovered oil in Fujairah but the Ruler of Fujairah was quick to say that it was too early to know whether the reserves are economically viable.
The Gulf News report also mentioned:
“Fujairah has very small crude oil production compared with Abu Dhabi and Dubai and such a discovery - if it proves viable - would provide a welcome boost to the emirate's economy.”
This week (23 October) SulphCo announced that testing will resume this week in Fujairah, United Arab Emirates on a variety of crude feedstocks.
Dr. Larry Ryan, CEO of SulphCo, provided an update of events since the September 6th investor conference call. "Our last round of testing in Fujairah had to be curtailed due to transportation issues unrelated to our process equipment, but we were nonetheless able to conduct limited test runs on a medium crude (32.9 API, 1.6% sulphur by content) employing our latest probe design. The results were significant; up to a 47% reduction in sulphur by content on successive test runs, as compared to 17% under the same test conditions utilizing the earlier Series II probe design."
"In the days ahead, we look forward to the resumption of testing, both in Fujairah and Europe," said Dr. Ryan.
Image: Sonocracking™ equipment assembly at Neue Technologien GmbH (NTG) in Gelnhausen, Germany for Fujairah Oil Technology, LLC.