Exploration & Production

Omani licensing round draws newcomers

All four of the blocks on offer in Oman’s latest licensing round appear to have drawn bids, with interest high from companies new to the country All four of the blocks on offer in Oman’s latest licensing round appear to have drawn bids, with interest high from companies new to the country.
By Verity Ratcliffe 9 January 2018 0 29006
A drilling rig in Oman A drilling rig in the Khazzan gas field in Oman. (BP plc)

Oman’s latest licensing round has attracted bids from several companies with no prior experience in the country’s upstream sector. 

The round, which closed on 31 December, saw bids submitted for blocks 43B, 47, 51 and 65. Interfax Natural Gas Daily understands at least one bid was made for each block.

“The level of interest [in] all blocks was good. There were some newcomers,” Suleiman al-Ghuniami, director of petroleum concessions at Oman’s Ministry of Oil and Gas, told Interfax Natural Gas Daily.

The newcomers are mostly small and medium-size...