Maha Energy AB said Dec. 12 that its sale of a 35% participating interest in Oman's Block 70 to Mafraq Energy LLC has been approved by the Omani authorities, following the issuance of a royal decree.
Block 70 covers an area of 639 sq km. The onshore block includes the shallow undeveloped Mafraq heavy oil field. The block is located in the middle of the oil producing Ghaba Salt Basin in the central part of Oman.
Following the completion of the transaction, Maha will retain 65% participating interest and will remain the operator of the block.
Guyana Kicks Off Oil Conference as Exxon Mulls Adding More Blocks
2023-02-14 - Exxon Mobil is working to increase Guyana production to 1.2 MMbbl/d by 2027 and possibly beyond, according to president of oil and gas production business Liam Mallon.
Shell, Chevron and Petrobras Weigh Guyana Oil Auction Bids
2023-03-06 - Guyana's vice president Bharrat Jagdeo is set to meet with top energy executives at this week's CERAWeek in Houston to gain support for the South American country's bidding round.
Oil and Gas Have Room to Grow in Canada, But Potential Pitfalls Ahead
2023-02-09 - Regulatory issues, inflation and takeaway capacity could hold up projects, while Bay du Nord could breathe new life into Canada’s struggling offshore sector.
Frontera, CGX Start Drilling Wei-1 Well in Guyana
2023-01-23 - The joint venture between CGX Energy Inc. and Frontera Energy Corp. begins drilling in Guyana as the region becomes an oil exploration hot spot.
Norway Awards Nearly Four Dozen Offshore Permits
2023-01-10 - Equinor scooped up more than half the licenses awarded.