Oman launches bidding round for 5 new oil blocks

13/04/2026 04:25 AST

Oman's Ministry of Energy and Minerals on Sunday announced a new bidding round for five oil and gas concession blocks, inviting local and international energy companies to take part in the competitive process.

The blocks on offer include Blocks 12, 16, 55, 42 and 45. These are spread across different parts of the sultanate and are believed to have strong geological potential, the ministry said in a statement carried by Oman News Agency.

The move is part of Oman's efforts to make better use of its natural resources, improve efficiency and innovation, and support economic growth in line with Oman Vision 2040.

The Ministry of Energy and Minerals said the offering is in line with its strategy to create an attractive investment environment based on transparency and equal opportunities. It added that the initiative aims to attract quality investments, encourage the transfer of modern technology and increase the value generated by the oil and gas sector.

The ministry explained that the application process includes several stages. Companies must review the available opportunities, register and submit the required documents, obtain technical data, and then submit their proposals through the designated platform before the deadline.

Interested companies have been invited to review the tender details on the official website using the QR code provided. Registration will open on Sunday and continue until September 30, 2026. The results will be announced after the technical and financial evaluation of the bids.

The ministry said the new bidding round reflects its continued focus on maximising hydrocarbon resources and strengthening partnerships with international companies, while supporting the long-term sustainability of the sector and its contribution to the national economy.

Muscat Daily