Muscat: With an aim to meet Oman’s energy needs, the Ministry of Energy and Minerals has announced to offer major concession areas for oil and gas exploration that ... he said that these include Block ...

Shell added Block 42 to its upstream portfolio in April 2017 when the company signed a Heads of Agreement (HoA) with Oman Oil Company Exploration & Production (OOCEP) – since rebranded as OQEP – to ...

Oilex has advised that the 4-well drilling program in Block 56, Oman, has been completed successfully with very encouraging results from 3 wells including the Al Jumd-1 well for which a testing ...

Block 6 is PDO's sole oil concession and is located in central and southern Oman. The company produces oil from around 100 fields in the concession area, which covers nearly 114,000 square kilometers.

Oman has based its oil price in 2025 on an average oil price of $60 a barrel. The sultanate relies heavily on its crude oil exports, which make up more than 70 percent of its national revenues.