The Oman Ministry of Energy and Minerals has announced the offering of five concession areas for exploration and development in the oil and gas sector.
The move is part of the Sultanate’s broader strategy to enhance resource efficiency, attract high-quality investment, and align with the long-term objectives of the Oman Vision 2040.
The newly offered blocks, numbered 12, 16, 42, 45, and 55, span diverse geographical regions with promising geological formations, underscoring Oman’s continued commitment to unlocking its hydrocarbon potential.
According to the ministry, the offering reflects a sustained effort to create a competitive and transparent investment environment.
By ensuring equal opportunities for both local and international petroleum companies, the initiative is expected to draw advanced technical expertise and modern exploration technologies into the sector.
Officials emphasized that the licensing round is designed not only to maximize resource utilization but also to strengthen value creation across the energy value chain.
The application process will follow a structured multi-stage framework. Interested companies are required to review available data, complete registration, submit relevant documentation, and access technical datasets before presenting their bids through the designated digital platform.
Registration for the tender has commenced and will remain open until September 30, 2026. The ministry confirmed that final results will be announced after a comprehensive technical and financial evaluation of submitted proposals.
This latest offering forms part of Oman’s long-term vision to optimize hydrocarbon resource management while ensuring sustainability.
By fostering strategic partnerships with international energy firms, the country aims to enhance sectoral resilience and increase its contribution to national economic growth.
