Sultanate of Oman

Block 61 among world largest tight gas development In January 2013, BP received the technical and commercial offers from the engineering companies bidding on the key packages of its Block 61 tight gas full field development phase-1 project in the Sultanate of Oman. Last September, BP had announced to scale up its capital expenditure from $15 billion […]

Investing for the future of Oman The Sultanate of Oman established the Oman Oil Company S.A.O.C. (OOC) in 1992 as the national oil company with the mission to build a prosperous future for Oman regardless country’s direct oil and gas revenues. This mission still guides the Sultanate’s Vision 2020 for its wholly owned Oman Oil […]

ORPIC evaluates bids on Sohar Refinery Expansion In April the Oman Oil Refineries  & Petroleum Industries Company (ORPIC) had qualified eight engineering companies to receive the Call for Tender of engineering, procurement and construction (EPC) contract for the Sohar Refinery Expansion project. ORPIC is a national oil company (NOC), wholly owned owned by the Oman […]

BP to develop Khazzan and Makarem in phase 1 BP revised significantly upward its capital expenditure in Oman Full Field Development project from $15 billion to $24 billion. Discovered in the 1990s, the huge reserves of natural gas in Center Oman have been left undeveloped because of the complexity and the potential costs related to […]

Definition GCC Countries refers to the countries supporting this Gulf Cooperation Council whereas GCC is the acronym for Gulf Cooperation Council or Gulf Co-operation Council. The six GCC Countries are:  – Bahrain – or Kingdom of Bahrain  – Kuwait  – Oman – or Sultanate of Oman  – Qatar  – Saudi Arabia – or Kingdom of Saudi Arabia (KSA)  – UAE – […]