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As the country pushes forward with plans to increase domestic crude and condensate production to 900,000 b/d by year-end, the ministry has floated tenders for the development of three offshore, and four onshore blocks – representing one of the bigger bid rounds the country has seen in recent years.
The offshore licenses being offered are Blocks 18, 41 and 59; while the onshore licenses are Blocks 43a, 48, 56 and 57, Director General of Petroleum Investments at the Ministry of Oil and Gas Salih al-Anburi said on 6 November. All interested companies should have the necessary experience, as well as technical and financial resources to both explore and develop potential hydrocarbon resources, he added. (CONTINUED - 571 WORDS)