Oman's Ministry of Oil & Gas (MOG) issued an invitation to petroleum companies with experience in upstream hydrocarbon projects to participate in the Oman Bid Round 2014, under which the government is offering two offshore and three onshore blocks.
The two offshore acreages offered in for bidding are Blocks 18 and 59, while the three located onshore are Blocks 43A, 54 and 58.
Block 18 lies in water depths of 98.4-9,842 feet (30-3,000 meters) in the north Sohar basin and covers an area of 8,162 square miles (21,140 square kilometers). Block 59, located off the east coast of central Oman in depths of 0-11,811 feet (0-3,600 meters), has an area of 15,632 square miles (40,488 square kilometers).
Onshore Block 43A is spread over an area of 2,656 square miles (6,879 square kilometers) in the north of Oman mountains, while Block 58 is located in the south edge of the Western Flank covering an area of 879 square miles (2,277 square kilometers) between the South Oman Salt Basin and Rub Al Khali Basin.
Block 54, occupying 2,174 square miles (5,632 squre kilometers) in south east Oman, is located near Petroleum Development Oman's Block 6 oilfields, Occidental Petroleum's Block 53 Mukhaizina field - which produces over 100,000 barrels of oil per day (bopd) - and Blocks 3 and 4, where production reaches over 20,000 bopd.
Companies interested in these blocks are to submit their bids to MOG by Oct. 31, with participants in the bid round required to place a deposit of $100,000 per block with the Oman government.
More information on Oman Bid Round 2014 is available in this weblink - http://www.mog.gov.om/Portals/1/pdf/Oman-Bid-Round-2014.pdf.
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