US firm Occidental finalized contracts for blocks 51 and 65 this week, committing $65mn to be invested in seismic and exploration over two phases. The firm says it will drill 14 wells – five in Block 51 and nine in Block 65 – with both conventional and unconventional resources being the target. Oxy has 100% of Block 51 whilst 65 will be operated via a joint venture with state Oman Oil Company. Both offered up in the 2017 bid round (MEES, 15 September), the blocks add to...
Oman: Oxy Inks Two New Blocks
Published on Fri, 21 Dec 2018 - Volume: 61 Issue: 51-52Print
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