Tuesday 21 February 2012

Oman plans to award four oil blocks to multinational firms: TimesofOman.com

The Oman government is all set to sign agreements with multinational oil companies for developing three to four oil blocks on production sharing agreement, a top-level official at the Ministry of Oil and Gas said here yesterday.

“We are planning to sign additional three to four agreements for developing oil blocks with international companies. These blocks were tendered last year and most of the negotiations are over now,” Nasser bin Khamis Al Jashmi, undersecretary at the Ministry of Oil and Gas, told media on the sidelines of PDO’s annual press briefing.

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