The Oman Ministry of Oil & Gas has announced that bidding for the 2016 licensing round is now underway. Using a new online service, interested parties are now able to access and evaluate data relating to all four blocks online.
Drilling & production - 14 December 2016
International engineering and operations support services contractor ODE, a part of the DORIS Group, was recently named as a key contributor to a new industry working group.
Higher drilling efficiency has enabled Maersk Oil to reduce development costs on the Culzean HPHT gas project by US$500 million.
The execution of the Basic Agreement was approved in a meeting of the OMV Supervisory Board on 14 December, but is still subject to signing of the Basic Agreement by the parties. The signing is expected to take place during the course of the day.