Middle East Economic Survey

VOL. XLVII

No 25

21-June-2004

OMAN

Hunt Oil Signs EPSA In Omans Offshore Block 40

The Sultanate of Oman and Hunt Oman Musandam Exploration Company, an affiliate of Dallas-based Hunt Oil, signed on 15 June a three-year exploration and production sharing agreement (EPSA) for the exclusive right to carry out petroleum exploration and production operations in offshore Block 40. The agreement will be effective upon issuance of a Royal Decree by Sultan Qaboos ratifying the...