Muscat, (UNA-OIC) – The Sultanate of Oman and Sweden-based Maha Energy signed a new oil agreement today to explore oil in Al-Imtiyaz Area No. 70, which is 639 square kilometers large.
Under the agreement, Maha Energy will commit to assessing seismic surveys, conducting geological and geophysical studies, drilling a number of evaluation wells, and extract heavy oil in the region.