Oman's Ministry of Oil & Gas is tendering four onshore hydrocarbon blocks as part of the Licensing Round 2017. The blocks are: 43B, 47, 51 and 65.
The blocks are part of a portfolio of over 10 open blocks that will be tendered over the next few years, said the ministry.
The bidding will formally commence on September 20 and the deadline for submission of bids for all four blocks is December 31, 2017.
The timing of the launch of the new bidding round, coming against a protracted low oil price environment, underscores confidence in the strength of investor interest in Oman’s upstream sector, say industry experts.