Oman has announced the launch of a new oil and gas exploration and production bidding round for a handful of blocks on 23/3/2025. Several International Oil Companies (IOCs) have already expressed interest.
The Omani Minister of Energy and Minerals Salim Al-Aufi has introduced a revised licensing framework to attract global investments in its upstream sector.
This note explores key aspects of Oman’s licensing round, including:
- Regulatory frameworks for each block offered
- The IOCs interested and the targeted blocks
- Expected incentives from IOCs
- Al-Aufi’s personal preferences
