Oman Invites Bids for Two Offshore, Three Onshore Blocks

Oman’s Ministry of Oil & Gas (MOG) has invited local as well as international energy companies to participate in the forthcoming bid rounds for the offshore Blocks 18, 59 and onshore blocks 43A, 54, 58.

“It is envisaged that the participating companies will have the relevant technical expertise financial resources to explore, appraise and develop potential hydrocarbon resources within these blocks,” the ministry said in a statement.

To participate in Oman Bid Round 2014, a company is required to deposit a non-refundable amount of $100,000 per block.

Offshore Block 18 is located in the North Sohar Basin between the Batinah coast and the Makran Accretionary Prism.  The concession covers an area of 21,140 sq kilometres with water depths ranging from 30 to 3,000 metres.

Offshore Block 59 is spread over an area of 40,488 sq kilometres and is one of the largest concessions within the upstream sector.

Onshore Block 54 covers an area of 5,632 km sq and located south east Oman and flanks the South Oman Salt Basin.

Block 43A is located in the north of Oman Mountains covering an area about 6,879 km2. The Block is under explored with only one old well and about 1200 km of 2D seismic of various vintages, the Ministry said.

Block 58, which is situated on the southern edge of the Western Flank and covers an area of 2,277 sq kilometres between the South Oman Salt Basin and Rub Al Khali Basin.