Oman And Shell Sign PSA For Offshore Block 18
The Government of Oman has signed a production sharingagreement (PSA) with Shell Deep Water BV, part of the Royal Dutch/Shell Group,covering the 18,267 sq. kms. offshore block 18, which is off the northernal-Batinah coast. The agreement calls for Shell Deep Water to invest $3mn inexploring the block over a three-year period, during which Shell will conductgeological and geophysical studies as well as seismic surveys....