Oman, Maha Energy sign new oil exploration agreement

Oman, Maha Energy sign new oil exploration agreement

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.

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