Oman: Block 6 spins off into new holding company

Issue 1116 - 10 Dec 2020

The Ministry of Finance on 6 December confirmed widely anticipated plans to set up a new holding company for the sultanate’s most valuable assets. Energy Development Oman has been set up via Royal Decree No. 128/2020; it will take over the government’s 60% stake in Block 6, which has a production capacity of 650,000 b/d and accounts for around 75% of total crude reserves. The government’s holding is currently in the hands of Petroleum Development Oman (PDO), its longstanding venture with partners led by Royal Dutch Shell.

Want to read more?

Small article


(Access to one 100-400 word article)

Subscribe to Gulf States Newsletter

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles and set up news alerts.


Contact us

Jon Marks
Editorial director

Dominic Dudley

Harry Randle Marsh
Subscriptions and sales

Tel: +44 (0)1424 721667