Oman seeks bidders for five oil and gas concessions

Oman is inviting local and global companies to bid for five oil and gas concessions as the country seeks to attract new investment in its energy sector.

The bidding round will help boost the economy in line with the Vision 2040 objectives, state-run Oman News Agency reported, quoting an energy ministry statement.

The five concession areas span a wide geographic area and have significant geological potential, the statement said, without providing further details.

Registration will run from April 12 to September 30. The results will be announced upon completion of the technical and financial evaluation of submitted bids.

Oman’s average daily oil production in 2025 rose 1 percent year on year to a million barrels, figures from the National Center for Statistical Information show. 

In December, London-listed energy company Kistos signed a $148 million agreement to acquire stakes in Omani onshore blocks that have total reserves of 26 million barrels of crude oil. 

The sultanate’s foreign direct investment rose to more than $81 billion by the end of last year, about 8 percent higher than in 2024.

Further reading:

• Oil and gas increase Oman’s FDI inflows
• Oman non-oil and gas exports hit record $18bn in 2025
• Oman working on $3bn road network expansion