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FINANCIAL NEWS
Oman, BP to sign agreement full-field commercial development of Block 61
21 Oct 2013
(MENAFN) The Omani government and BP are currently in advanced stages of a production sharing agreement, Times of Oman reported.
The agreement to be signed is for full-field commercial development of Block 61 tight gas fields.
The Omani minister of oil and gas said: “We are making very good progress. Both Oman government and BP have agreed to finalise all agreements by the end of this year. Once all agreements are in place, we expect BP to declare commerciality and then we sign a long-term production sharing agreement with them for 30 years.”
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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