Oman Signs EPA with Phillips For Block 38
Oman and Phillips Petroleum Company of the US signed on 14June a 10-year exploration and production agreement covering block no. 38.Oman痴 Minister of Oil and Gas Muhammad Hamed Saif Al-Rumhy and Mr. MikeCoffelt, Phillip痴 vice-president for worldwide exploration, signed the dealwhich calls for Phillips to invest $29mn during the exploration period. Block38 is 17,400 sq. kms. in area and lies directly south and adjacent...