Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Garmin Fenix 8 Smartwatch Review 2026

January 15, 2026

Oil Prices Sink 4% As Geopolitical Fears Fizzle

January 15, 2026

Q&A: What UK’s record auction for offshore wind means for bills and clean power by 2030

January 15, 2026
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Oman signs feasibility study to advance heavy oil development in Block 71
Executive Moves

Oman signs feasibility study to advance heavy oil development in Block 71

omc_adminBy omc_adminJanuary 5, 2026No Comments1 Min Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


The Government of Oman has signed a feasibility study agreement to evaluate the development of heavy crude oil resources in Block 71, using advanced electric heating technology aimed at improving recovery from challenging reservoirs.

Under the agreement, the Ministry of Energy and Minerals will work with Westlawn Middle East LLC and Salamander Solutions Middle East LLC to assess the technical and commercial viability of applying Salamander’s proprietary electric heating system in the block. The technology is designed to enhance oil mobility in high-viscosity reservoirs through in-situ heating.

As part of the feasibility study, Westlawn and Salamander will be granted the right to drill appraisal wells to gather subsurface and operational data. The results will inform whether the technology can be deployed at scale and support commercial production from the block.

If the study demonstrates positive technical and economic outcomes, the parties intend to enter negotiations toward a long-term concession agreement for Block 71.

The feasibility study is expected to begin immediately and conclude within two years, aligning with Oman’s broader strategy to unlock complex hydrocarbon resources through advanced recovery technologies and targeted upstream investment.



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Virtual auctions aim to bring transparency to oil and gas royalty markets

January 14, 2026

Oilfield services jobs edge lower to close 2025, EWTC data shows

January 14, 2026

Eco Atlantic engages Guyana on Orinduik Block licence continuation

January 14, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Citigroup must face $1 billion lawsuit claiming it aided Mexican oil company fraud

July 1, 20077 Views

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20075 Views
Don't Miss

Canopy Launches $2 Billion Platform to Scale Circular Textiles as Wood Supply Risks Rise

By omc_adminJanuary 15, 2026

New analysis warns that rising competition for wood fibre, tightening regulation, and climate disruptions threaten…

eBay Targets Net Zero by 2045 and Expands SBTi Validated Climate Plan

January 15, 2026

BBVA, ALTERRA Plan $1.2 Billion Global Climate Co Investment Fund

January 15, 2026

Sustainability Practices Drive Profitability Among Top US and Canadian Companies, CSE Finds

January 15, 2026
Top Trending

Spain’s climate scientists subjected to ‘alarming’ rise in hate speech, minister warns | Spain

By omc_adminJanuary 15, 2026

L’Oreal Backs 13 Climate, Nature and Circularity Solutions Startups

By omc_adminJanuary 15, 2026

Guest Post: CBAM Goes Live, and the Impacts Won’t Stop at Europe’s Borders

By omc_adminJanuary 15, 2026
Most Popular

The 5 Best 65-Inch TVs of 2025

July 3, 202510 Views

The Layoffs List of 2025: Meta, Microsoft, Block, and More

May 9, 202510 Views

‘Looksmaxxing’ on ChatGPT Rated Me a ‘Mid-Tier Becky.’ Be Careful.

June 3, 20257 Views
Our Picks

Petrofac Urges Creditors to Agree ‘Compromise’ to Clear CBI Sale

January 15, 2026

Oil Prices Retreat After 5 Session Rebound

January 15, 2026

Woodside, JERA Finalize Winter LNG Deal for Japan

January 15, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.