Home News Business Bidding for 4 oil blocks to begin on Sept 20

Bidding for 4 oil blocks to begin on Sept 20

 Staff Reporter

MUSCAT

The Sultanate will unveil licensing round of its four new onshore oil and gas blocks on September 20, according to a statement issued by the oil ministry.

“Registration for the licensing round will begin on September 20, and bids are due to be submitted by December 31,” the statement said.

There are currently over 10 open blocks that will be tendered over the next few years. In this bid round, four blocks will be tendered: Block 43B, Block 47, Block 51 and Block 65.

The licence includes the 11,967 sq km Block 43B, located along the coastal area of the Sultanate north of the Hajar Mountains. It had previously been operated by Hungary’s MOL, which drilled two wells, but no discoveries were made.

There is also the adjoining 8,524 sq km Block 47, previously operated by Norway’s DNO. The bid submission should be presented in a sealed envelope, addressed to the Undersecretary HE Salim Nasser Al Aufi and delivered to the undersecretary office. The undersecretary office is located on the second floor of the Ministry of Oil and Gas building in Al Khuwair.

Earlier, Sweden-based Tethys Oil had reported discovery of two new hydrocarbon sources.

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