MUSCAT – The concession blocks – 12, 16, 42, 45 and 55 – cover wide geographical areas identified as having strong geological potential for exploration and development activities.

The ministry said the move is aimed at promoting the optimal utilisation of natural resources through efficiency and innovation, in line with the objectives of the Oman Vision 2040, while ensuring long-term sustainability and supporting national economic growth.

According to the ministry, the offering forms part of its strategy to maintain an attractive and transparent investment environment based on equal opportunities, designed to attract high-quality investments, transfer advanced technologies and increase added value in the oil and gas sector.

It explained that the bidding process includes several stages, starting from reviewing available opportunities and registering interest, followed by submission of required documentation, access to technical data, and final proposal submission through the designated platform before the deadline.

Companies interested in participating have been invited to review tender details via the official tender portal. Registration opens immediately and continues until 30 September 2026, with results to be announced after technical and financial evaluation of submitted bids.

The ministry said the initiative reflects its continued efforts to maximise the benefits of hydrocarbon resources, strengthen partnerships with international energy companies, and enhance the sector’s contribution to the national economy.