These blocks, located across Oman's diverse geological basins, offer significant opportunities for investors interested in tapping into the country's hydrocarbon potential.
Oman’s Ministry of Energy and Minerals has announced a competitive bidding round for oil and gas exploration in three key concession areas: Block 43A, Block 66 and Block 36.
Interested investors are required to sign a confidentiality agreement to access technical data and receive a process letter that outlines bidding timelines and requirements.
The bidding process will follow a one-stage format, with due diligence preceding the final proposal submission.
Block 43A, covering 6,920km² in the Buraimi area, offers a geologically diverse prospect with inner and outer thrust structures linked to ophiolite formations and a potential foreland basin, according to the Oman Observer.
The existence of multiple play systems such as the Thamama, Wasia and Pabdeh formations points to significant potential for exploration.
The strategic location of Block 43A near proven fields in the United Arab Emirates further increases its attractiveness, the Omani publication said.