Oman signs $59mn exploration and production sharing agreement with Occidental Oman

Oman's Ministry of Oil and Gas tweeted out the announcement

Occidental President and CEO Vicki Hollub signs an exploration and production sharing agreement with Oman Oil and Gas Minister Dr. Mohammed bin Hamad Al Rumhy
AHMEDfarsi
Occidental President and CEO Vicki Hollub signs an exploration and production sharing agreement with Oman Oil and Gas Minister Dr. Mohammed bin Hamad Al Rumhy

Oman's Minister of Oil and Gas Dr. Mohammed bin Hamad Al Rumhy signed an exploration and production agreement with Occidental's President and CEO Vicki Hollub for Block 72.

The Block cover 3530 square kilometres, according to government news agency Oman News, and the deal's value stands at $59mn.

Work will be undertaken in two phases, and will include geological and geophysical studies, 2D and 3D seismic studies and the drilling of wells during the exploration phase.

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