Middle East Economic Survey


No 33



PetroTel Awarded E&P License For Omans Block 40

The Omani Ministry of Oil and Gas has signed an exploration and production sharing agreement (EPSA) with PetroTel of the US for Block 40, offshore Omans Musandam governorate. Block 40, with an area of 6,120 sq km, is the second concession awarded to PetroTel, which had signed an EPSA for the adjoining Block 17 in May 2009 (MEES, 1 June 2009). Both blocks are located in an area...