Exploration & Production

Oman to invite bids for exploration licences

Oman is confident the onshore blocks it is offering will attract a high level of interest Oman is confident the onshore blocks it is offering will attract a high level of interest.
By Verity Ratcliffe 12 September 2017 0 27546
A gas rig in the Khazzan field A drilling rig in Oman. (BP plc)

Oman will invite bids for licences to explore four blocks in the north of the sultanate from 20 September, the country’s Ministry of Oil and Gas said in a statement on its website.

Companies interested in licences for Blocks 43B, 47, 51 and 65 will have until 31 December to submit bids.

Block 65, which covers just 123,000 hectares, is the smallest concession on offer but potentially the most promising because significant oil and gas finds have been made nearby. 

There are two plays in the block,...