Houston-based Frontier Resources International on 10 October signed an exploration and production sharing agreement (EPSA) with the government of Oman for a 100% working interest in Oman’s Block 38 in the country’s southwest.
The contract is set to run for six years. Frontier said it hopes to conduct both geophysical and geological studies during the first three years, after which drilling will take place if results are positive. Thus far, only three wells have been drilled in the 17,425 sq km concession bordering Yemen. (CONTINUED - 308 WORDS)