Muscat is turning to high-profile, foreign-led upstream deals to squeeze the most out of its oil and gas reserves. A $19bn integrated upstream-downstream gas megaproject could close by the end of the year. And that’s just the start.

Oman’s Ministry of Oil and Gas (MOG) is optimistic that ongoing talks to develop the 4.5+tcf Mabrouk NE gas field as part of a $19bn deal with Shell and Total will result in a ‘master agreement’ by the end of the year, MOG Undersecretary...