Oman invites bids for oil and gas exploration blocks

The government of the Sultanate of Oman has invited interested companies to bid for five oil and gas exploration blocks.

Of the blocks offered as part of the Oman Bid Round 2014 two are located offshore the coast of Oman, while three are onshore.

In a statement of the website of  The Ministry of Oil & Gas, oil and gas companies experienced in upstream projects have been invited to take part in the upcoming bid rounds for the offshore Blocks 18, 59 and onshore blocks 43A, 54, 58 in the Sultanate of Oman.

Friday, October 31, 2014 has been set as the deadline for the submission of bids.

According to data found on the Ministry of Oil & Gas website, 33 exploration wells were drilled in the Sultanate in 2013.

The total reserves of oil and condensate in the Sultanate were estimated to be 5151 million barrels at the end of 2013, an increase of 3.5% over 2012, when the reserves were estimated at around 4974.3 million barrels.