Total keen on Oman offerings
French giant Total said today it would bid for oil and gas concessions that
Oman is planning to offer to international players this year.
"We will bid for one of the five oil blocks on a production-sharing basis that
Oman is expected to make available in 2008," Total's Exploration &
Production director Frederic Linsig told Reuters on the sidelines of an
energy seminar.
Total is one of the stakeholders in the Gulf Arab sultanate's biggest oil
producer Petroleum Development Oman (PDO) and in Oman Liquefied Natural Gas.
Last month, Oman said it was planning to invite international outfits to
develop five onshore and offshore oil blocks in the country on a
production-sharing basis.
The country has been inviting players to help it try to reverse a decline in
crude oil production.
Oman expects oil output to rise to 790,000 barrels per day this year from
710,000 bpd in 2007, the oil ministry says.
State-owned PDO would account for 550,000 bpd of this production.
21 April 2008 10:51 GMT
| last updated:
21 April 2008 10:51 GMT
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