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Ministry of Energy and Minerals Awards Contract to Tethys Oil for Development of Concession Area 56
Nov 26, 2024•over 1 year ago
Contract Type
contract
Description
The Ministry of Energy and Minerals has awarded Swedish company Tethys Oil a contract for the development of Concession Area 56. The project includes developing oilfields in the area and additional exploration activities, with a total investment volume exceeding OMR92.4 million ($240 million).
Agreement Insights
Based on industry dataContract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months