Middle East Economic Survey

VOL. XLIX

No 27

3-Jul-2006

OMAN

Oman Signs EPSAs Covering Seven Blocks

Omans Minister of Oil and Gas, Muhammad al-Rumhy, on 28 June signed exploration and production-sharing agreements with Omani and international companies covering seven blocks: 43A; 43B; 54; 55; 56; 57; and 58 with expected expenditure during the exploration period of some OR133mn ($345mn). The government in August 2005 invited bids for Blocks 54-58, areas that had been relinquished by Petroleum...