Market intelligence, trend analysis and forecasts for the Oil and Gas industries across the regions

Companies / Oman

Five Blocks Up For Auction

March 2008 | Industry News

Oman is to offer two offshore and three onshore blocks to international oil companies (IOCs) as part of its efforts to stem declining crude production. According to a statement by oil minister Mohammed bin Hamed bin Seif al Rumhy, the oil concessions, located between Musandam in the north and Salala in the south, will be awarded on a production-sharing basis. The aim is for deals for more than one block to be finalised by year-end.

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