August 03, 2023
During the extended Initial Phase, Maha intends to implement activities necessary to support any decision regarding Block 70’s declaration of commerciality, such as preparing a detailed plan for enhanced oil recovery, such as steam, waterflooding or other production enhancement methods.
May 22, 2023
The oil produced during the testing phase is heavy oil of 11-13 degrees API, with viscosity higher than pre-testing estimates.
January 30, 2023
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.
December 20, 2022
The Persian Gulf state will boost oil production to 1.175 million bpd. The ministry announced a preliminary budget for 2023 with an oil price of $55 per bbl.
December 19, 2022
In Oman, three rigs have been extended for a total of seven years of work. Additionally, KCA Deutag’s Kenera business unit will provide a grid container for rig T-899. Elsewhere, the T63 has mobilized to drill two wells, with two more optional wells, for a client in Kurdistan.
SLB partners with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority to develop geothermal resources
December 15, 2022
Commissioned by the Omani authorities, the SLB experts assessed surface, subsurface and well data from the national data repository over a three-month period. The next phase will include an assessment of the economic feasibility of the development of potential geothermal resources.
April 22, 2022
KCA Deutag, a global drilling, engineering and technology provider, secured contract extensions and options totaling over $170 million, with the majority focused on extensions with existing clients across core markets in the Middle East.
April 20, 2022
Improving the imaging of the geology offshore Oman is both resolving uncertainties in the thrusts and fold belt plays and imaging the hitherto illusive stratigraphy below the decollement surface.
January 17, 2022
BP and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.
December 21, 2021
TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources.
Africa Geophysical Services secures 150,000+ Stryde nodes for seismic projects in the Middle East and Africa
August 16, 2021
The Oman-based land seismic acquisition company will use Stryde systems to obtain better high-definition images for oil and gas exploration across several projects.
July 30, 2021
A Romanian and a U.K. citizen died on the 600-foot oil tanker Mercer Street when the vessel came under attack on Thursday while sailing from Tanzania’s Dar es Salam to Fujairah in the United Arab Emirates, said Zodiac Maritime Ltd., the manager of the tanker.
June 29, 2021
Highwood Equipment Technologies Inc. is transporting two of the world’s most advanced automated well service rigs to the Sultanate of Oman.
April 05, 2021
Imports jumped 5.8% in March from a year earlier, the biggest increase since March 2020. Demand for the fuel used in heating and power generation had been steadily growing before Covid-19, as nations shift away from coal-fired power over climate concerns.
February 01, 2021
BP will sell a stake in an Omani gas block to Thailand’s national energy firm for $2.6 billion, part of a push to divest billions of dollars of assets and focus more on renewable energy.
December 07, 2020
The firm, to be called Energy Development Oman, will own a shareholding in Petroleum Development Oman LLC as well as an interest in Block 6, according to a government gazette on Sunday. The company will “undertake hydrocarbon exploration and production operations” and can borrow money “in any manner.”
October 12, 2020
Gas projects planned or under development in the region will require around $211 billion in investment between 2020 and 2024, Arab Petroleum Investments Corp. said Monday in a statement.