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FINANCIAL NEWS
Oman auctions 3 onshore blocks development
22 Aug 2010
(MENAFN) Oman’s Ministry of Oil and Gas has launched a bid round for three onshore blocks, in line with ongoing efforts by the government to open up new acreage for hydrocarbon exploration and development by international oil companies, ONA reported.
Expressions of Interest (EoIs) have been invited from experienced upstream oil and gas companies, with strong technical and financial credentials, for blocks 66, 67 and 39. Interested bidders are required to submit their proposals to the Ministry latest by October 31, 2010.
Block 66 in the western part of the Sultanate covers an area of around 4,899 sq kilometres. The Block is located on the flank of the Rub Al Khali Basin and the Gudun-Khasfah High, not far from producing oilfields at Hasirah and Sahmah.
The Block became available after a partial relinquishment of Block 6 by Petroleum Development Oman (PDO) in 2010, and the relinquishment of Block 45 by Maersk in 2009.
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