The Ministry of Energy and Minerals today signed a concession agreement for oil and gas exploration in concession areas No. 38 and 74 with CC Energy Development Oman company.
The company will conduct geological and geophysical studies and seismic surveys necessary for oil and gas prospecting in the designated zone.
Located in the southwestern part of the Dhofar Governorate, concession Area No. 38 extends approximately 17,425 square kilometres, while Concession Area No. 74, in the south-eastern part of the Governorate, covers an area of 3,064 square kilometres.
The agreement was signed by Eng.Salim Nasser Al Aufi, Minister of Energy and Minerals, and Marwan Shafiq Salloum, Director of CC Energy Development Company.
Al Aufi said that the agreement reflects the ministry’s commitment to expand exploration and prospecting for oil and gas resources in the Sultanate of Oman. The agreement also underscores the confidence of local and international investors in Oman. He pointed out that the deal will consolidate the productive capacity of the oil and gas sector.
