Oman’s upstream sector is building momentum as foreign firms upscale development plans. US independent Occidental (Oxy) is especially optimistic and has consolidated its position as the second largest operator behind state-firm PDO. Meanwhile the Sultanate is eying new offshore production in 2019.
The firm this week announced that it has secured two exploration blocks – 65 & 51 – in Oman’s 2017 bid round, and also picked up the newly created Block 72. All are contiguous with its existing assets. (CONTINUED - 708 WORDS)