Middle East Economic Survey

VOL. XLIX

No 15

10-April-2006

OMAN

Oxy And Australias Oilex Awarded Omans Blocks 54 And 56

Occidental Petroleum announced on 4 April that it had been awarded a production-sharing contract area, Block 54, in southeastern Oman. Oxy (70%) will be operator, with partners Mitsui (15%) and Mubadala (15%). Mitsui will participate through its subsidiary Mitsui E&P Middle East, and Mubadala the development and investment arm of the Abu Dhabi government through Liwa Energy....