Oman Carves Up South In Bid To Attract Investment

Keen to capitalize on foreign interest in Omani upstream, the Ministry of Oil and Gas (MOG) has created seven new blocks in the country’s south – five of which (70, 73, 74, 75 and 76) are to be offered in an upcoming bid round set for 2019 along with the already delineated but vacant Block 58 ( MEES, 16 November ). MEES has obtained a copy of the ministry’s updated concession boundaries showing the new acreage on offer (see map).

The new blocks lie in largely unexplored areas, and with the exception of Block 70 which borders the CCED-operated Block 4 in central Oman, all are in the south of the country where they were carved out of Petroleum Development Oman’s (PDO) massive Block 6. (CONTINUED - 340 WORDS)