Middle East Economic Survey


No 24



Irelands Circle Oil Signs PSA For Block 49

Irelands Circle Oil on 6 June signed a production-sharing agreement (PSA) to carry out exploration, development and production on the 15,400 sq km Block 49 in south western Oman, according to a Circle Oil press release. The first exploration period runs for 36 months followed by two 18-month periods. A $22mn work program to include a review of existing data and aerogravity and 2D and 3D...