Oman Govt to Award Six Oil Blocks Soon

Source: Times of Oman 6/3/2013, Location: Middle East

Oman government is in advanced stages of negotiations with international oil giants for awarding six onshore oil and gas blocks for development on production sharing basis, even as evaluation is going on for seven other blocks.

"The six oil blocks, which were tendered in the previous bid round, have reached the negotiation stage. These blocks will be awarded soon, and we have received bids for another seven blocks that belong to the last bid round that ended in April this year. It is in the evaluation stage at the moment," Dr Saleh Al Anboori, director general of Management of Petroleum Investments at the Ministry of Oil and Gas, said on the sidelines of Oman EPC Projects Summit 2013 here.

Dr Al Anboori said that out of the seven blocks, three are offshore and four are onshore. "The offshore blocks—18, 41, and 59—are in the Sohar basin, while the onshore blocks are spread across different parts in the country," he added. The offshore block 18 was relinquished by India's Reliance Industries almost three years ago. Delivering the keynote address at the conference, Dr Al Anboori said eight companies are producing around 900,000 barrels of oil per day and 3.3 billion cubic feet of natural gas a day. Of this, 80 per cent of the production is contributed by the national oil company - Petroleum Development Oman. Dr Al Anboori also noted that twelve companies are carrying out either exploration or geological studies in 19 oil blocks.

BP's negotiation
Asked about the status of the ongoing negotiations between the Oman government and British Petroleum (BP) for developing block 61 tight gas fields, he said the negotiations are still on. "We need to develop that project anyway, as it will boost the natural gas supply. It is a win-win situation for both Oman government and BP."


United States >>  6/29/2022 - PDC Energy, Inc. announced that the Colorado Oil and Gas Conservation Commission (“COGCC”) approved the Company’s Broe Oil & Gas Development Plan (“OG...
Trinidad and Tobago >>  6/27/2022 - Onshore Trinidad's Ortoire block is where Touchstone Exploration Inc. ("Touchstone" ) (TXP) provides an update on operational progress. The Ortoire bl...

United Kingdom >>  6/23/2022 - Highlights:
• Anning and Somerville gas field development classified as Reserves following an independent Technical and Commercial Audit conducte...

Morocco >>  6/22/2022 - Chariot (CHAR), the Africa focused transitional energy company, announces its audited final results for the year ended 31 December 2021. ...

United Kingdom >>  6/21/2022 - Union Jack Oil, a conventional onshore hydrocarbon production, development, and exploration business based in the United Kingdom, has released details...
Canada >>  6/16/2022 - - 2022 guidance increased to an average production range of 31,500 to 32,500 boe/d based on expanded capital development program
- Second half 2...


Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.