Oman is starting off the year with a new playbook to revitalize its upstream assets. Following the success of marketing Block 10 to Shell and TotalEnergies under unique terms in 2019, the energy ministry is trying to entice more developers to assets across the sultanate by offering what it calls a “more flexible” royalty scheme (MEES, 8 November 2024). In particular it is targeting those blocks that require unconventional or expensive development to unlock.
On 3 January, the ministry announced it was offering blocks 36, 66, and 43A (see map). MEES understands the bid round will last four months closing in June. (CONTINUED - 1057 WORDS)
