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Despite its best efforts, drumming up interest in Oman’s offshore acreage is proving more difficult than first envisaged for the Ministry of Oil and Gas (MOG), as two offshore concessions – on offer for the second time in less than 24 months – have again failed to garner much interest from oil companies interested in Oman.
The concessions – Blocks 18 and 59 – were retendered in early August along with three onshore concessions as part of Oman’s efforts to make new discoveries and secure its mid- to long-term oil and gas production future. Oman’s hydrocarbons sector accounted for around 50% of its nominal GDP in 2013, according to latest official figures. (CONTINUED - 334 WORDS)