The block, which was acquired by Atlantis Oman in a production sharing agreement with the government of Oman, covers an area of 5,353 sq km (2,066 sq miles).
It is located offshore Musandam near the Strait of Hormuz, a strategic expanse of water shared by Oman and Iran.
Oman signed a number of production sharing agreements with foreign companies in the last three years to boost its oil and gas reserves. Officials said that Oman has proven gas reserve of 30 tcf and 5.8 billion barrels of crude oil.
Sinochem acquired Atlantis Oman from PGS in February of this year.
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