Oman Tenders Seven Exploration Blocks

Oman’s Ministry of Oil and Gas has invited bids from local and international oil and gas companies for licenses to explore for hydrocarbons in seven blocks on a production sharing basis.

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)