Oman to award six onshore oil blocks for development

oil oman-SMelindo flickrEight companies are currently producing around 900,000 bpd oil per day and 93.4mn cubic metres of natural gas a day. (Image source: SMelindo/Flickr)The Oman government has announced that it is in advanced stages of negotiations with international oil companies for the awarding of six onshore oil and gas blocks for development on a production sharing basis

Saleh Al Anboori, director general of management of petroleum investments at the Ministry of Oil and Gas, said, “The six oil blocks, which were tendered in the previous bid round, have reached the negotiation stage. These blocks will be awarded soon. We have received bids for another seven blocks. It is in the evaluation stage at the moment.”

Al Anboori said that out of the seven blocks up for evaluation, three are offshore and four are onshore.

“The offshore blocks, namely 18, 41 and 59, are in the Sohar Basin, while the onshore blocks are spread across different parts of the country,” he added.

Eight companies are currently producing around 900,000 bpd oil per day and 93.4mn cubic metres of natural gas a day in Oman. Of this, 80 per cent of the production is contributed by the state-owned Petroleum Development Oman (PDO).

Dr Al Anboori, meanwhile, added that 12 energy companies are, at present, carrying out either exploration or geological studies in 19 oil blocks in the country for production.

 

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