Oman To Award Six Onshore Blocks

Published on Wednesday, 05 Jun 12:48 pm

Oman's government is currently in 'final negotiations' with a number of international companies bidding for six onshore oil and gas blocks, a senior official of the Ministry of Oil and Gas stated.

Salih al Anburi, Director-General of Petroleum Investments, said Exploration and Production Sharing Agreements (EPSAs) for the six blocks in question are likely to be signed before the end of this year. Bids for a further seven blocks - three offshore and four onshore - are presently under evaluation, while an eighth block is still open. Together, they account for a total of 14 hydrocarbon blocks that are open for investment, the official stated.

Around 12 companies are currently exploring for oil and gas in 19 blocks encompassing an aggregate acreage of over 211,000 sq km. As many as eight companies are producing oil and gas from 11 blocks. Commenting on the keenly awaited Final Investment Decision that will kickstart commercial development of tight gas reserves within BP’s Khazzan-Makarem field in Block 61, Dr Anburi said: “Efforts are ongoing. We need to develop this project anyway because it will help (bridge) the gap in terms of the supply of gas. An agreement will be based on a mutual, win-win decision between BP and Oman.”

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