New bid round launched

26 August 2005
The Oil & Mineral Resources Ministry has launched a new international licensing round. Fourteen blocks are on offer and bids are due by 4 January. The tender follows the award of seven concessions to four international oil companies - Australia's Oil Search, the US' Occidental Petroleum Corporation, Korea National Oil Companyand Dubai-based Al-Thani Corporation- in late July (MEED 29:7:05).

On offer in the latest round are:

Block 11, Al-Khadrah, covering 10,438 square kilometres in the Rub al-Khali basin;

Block 12, North Sanau, covering 7,867 square kilometres in the Rub al-Khali basin;

Block 17, Aden/Abyan, covering 19,385 square kilometres in the Aden-Abyan basin;

Block 19, Al-Jawf, covering 8,424 square kilometres in the Marib-Sabatayn basin;

Block 23, Antufash, covering 8,361 square kilometres in the Tihama basin;

Block 28, North Bel Haf, covering 4,465 square kilometres in the Bel Haf-Hajar basin;

Block 29, South Sanua, covering 9,237 square kilometres in the Rub al-Khali basin;

Block 30, Habroot, covering 8,276 square kilometres in the Rub al-Khali basin;

Block 57, Al-Rayan, covering 10,963 square kilometres in the Rub al-Khali basin;

Block 79, North al-Khadrah, covering 7,990 square kilometres in the Rub al-Khali basin;

Block 80, West Sarr, covering 1,961 square kilometres in the Sayun-Masilah basin;

Block 82, Wadi Amed, covering 1,853 square kilometres in the Sayun-Masilah basin;

Block 83, Wadi Arat, covering 364 square kilometres in the Sayun-Masilah basin;

Block 84, Ghayl bin Yamin, covering 731 square kilometres in the Sayun-Masilah basin.

The blocks are being tendered on the basis of Sanaa's standard production sharing agreement.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.