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The state-owned Oman Oil Company (OOC) has paid an undisclosed amount for a stake in two offshore blocks in the Gulf of Oman from Reliance Industries.
Reuters reported that OOC bought stakes in Block 18 (30%) and Block 41 (25%) from the Indian energy giant.
“We are selling the stake to Oman Oil Company because we want to share the costs,” Atul Chandra, director of exploration and production at Reliance, is reported by Reuters as saying.
The Bocks were acquired by Reliance in 2005 and formed part of a plan by the GCC country to boost oil production.
