OOC in talks over Oman oil and gas block

21 June 2010

Nasser al-Jashmi, Oman's undersecretary for oil and gas has said the state-run Oman Oil Co (OOC) is in talks with the Sultanate's ministry of oil and gas to take on an exploration block ceded by Britain's BG Group, Reuters has reported. BG pulled out of its deal to develop Oman's oil and gas Block 60 earlier this month to focus on global opportunities elsewhere. The block covers an area of 1,500 square kilometres at Abu Butabul. The gas resides in complex formations, making it more expensive to exploit.

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