Two exploration deals signed

15 November 2007

The Ministry of Oil & Gas has signed two exploration and production sharing agreements with India’s Reliance Industries and RAK Petroleum, covering onshore block 30 and offshore block 41.

The Reliance deal is for the massive deepwater block 41, which covers an area of more than 23,000 square kilometres, stretching from Seeb nearMuscatin the north to Ras al-Hadd in the south.

The concession lies adjacent to offshore block 18, which is also operated by Reliance.

Block 30, won by RAK Petroleum, lies near Hafar in the centre of the sultanate, close to the Fahud oil producing cluster. The concession used to be operated by the
US’ Anadarko, which sold its interests there to UK-based Indago in 2005.

In turn, much of Indago’s Omani and UAE assets were sold to RAK Petroleum earlier this year (MEED 16:3:07).

A MEED Subscription...

Subscribe or upgrade your current 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.

Get Notifications