PGS Awarded Contract Offshore Oman
Oman has signed a five-year agreement with PGS Geophysical, which will assess the presence of oil in offshore Block No 41, which is spread over 26,716 square meters.
The agreement, which was signed on behalf of the Omani government by Dr. Mohammed bin Hamad Al Rumhi, Minister of Oil and Gas, stipulates that "PGS Geophysical will carry out a seismic survey and interpret seismic data available to assess the presence of oil in the area."
The agreement, which was signed on behalf of PGS Geophysical by Aadil Karas, Middle East manager, also grants the company the right to market and promote the block in the international market and sell the new data under the supervision of the Omani government, which is not to bear any cost.
The aim is to use new promotional methods to market open blocks in the sultanate.