Oman to award two oil blocks for exploration in 2014

Posted on 17th February 2014

As reported by Times of Oman, the Oman government plans to award two oil blocks to international firms for exploration in Southern Oman this year, which is part of five blocks tendered last year.

The Ministry of Oil and Gas is on the verge of finalising negotiations with foreign companies, said a senior official of the Ministry of Oil and Gas, on the sidelines of the International Unconventional Gas Conference and Exhibition recently.

"We continuously offer open blocks to the market," said Salim bin Nasser Al Aufi, Undersecretary at the Ministry of Oil and Gas.

"We have already finished negotiations for five oil blocks," added Dr Saleh A Al Anboori, Director General of Management of Petroleum Investment at the Ministry of Oil and Gas.

Oman government last month signed one each production sharing agreement with Total Exploration and Production Oman Petroleum B V and Petrogas Kahil for developing an offshore oil block in northern coast and an onshore block in Al Wusta region, respectively. The first agreement with Total was for developing offshore block 41 spread in a large 23,850 square kilometre area off northern coast, while pact with Petrogas was for onshore block 55, spread in an area of 7,564 square kilometres.

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