The Oman Ministry of Oil and Gas is providing an online platform for advanced evaluation of four blocks offered in its Oct. 23 bid round. Blocks 30, 31, 49, and 52 are visible in the ministry’s online interface where interested parties can search visualizations and analysis of available blocks and view high-quality raw data for each block.
Bidding is expected to close on Feb. 15, 2017, and bidding results will be announced on Mar. 15.
Following a pledge by members of the Organization of Petroleum Exporting Countries to curb output by 1.2 million b/d on Nov. 30, Oman was among the dozen non-OPEC producers that agreed to cut oil output by an additional 558,000 b/d (OGJ Online, Dec. 13, 2016). The cuts are slated to begin Jan. 1, 2017.