Middle East Economic Survey


No 37



Oman Awards Two Exploration Blocks

Omans Oil Ministry on 6 September awarded an onshore and an offshore block for exploration to European oil companies. Irelands Circle Oil signed a six-year agreement to conduct geophysical and seismic studies and exploration activities for the offshore 90,760 sq km Block 52, with a spending commitment of $18mn. Circle Oil in June signed up to carry out exploration on the 15,400 sq km Block 49 in...