Oil blocks awarded

25 June 2004
The Petroleum Exploration & Production Authority, part of the Oil & Mineral Resources Ministry, has awarded four blocks out of the six offered in its February licensing round. No bids were received for the remaining two concessions, which may be retendered later.

The blocks awarded are:

Block 69, covering 1,324 square kilometres in the Shabwah basin, and block 71, covering 1,821 square kilometres in the Masilah basin, went to China's Sinopec;

Block 72, covering 1,821 square kilometres in the Masilah basin, was won by Norway's DNO;

Block 73, covering 1,900 kilometres in the Masilah basin, went to the UK's Dove Energy.

The awards were announced on 20 June and culminated what oil executives said was a very transparent process (MEED 9:4:04).

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