US firm Occidental (Oxy) signed an exploration and production sharing agreement with Oman’s oil ministry this week to explore and develop Block 72 in the country’s central region. Oxy announced the acquisition last year (MEES, 9 November 2018), but the terms of the $59mn commitment have now been finalized. Carved out of PDO’s massive Block 6, the asset was awarded as a result of bilateral talks rather than one of the recent bid rounds. It abuts the Oxy-operated 120,000 b/d...
Oman: Oxy Inks Block 72 Deal
Published on Fri, 01 Mar 2019 - Volume: 62 Issue: 09Print
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