Oman Keen on Overseas Investment in Shale Gas Development

Oman is trying to lure international energy firms to evaluate and develop its untapped shale gas resources.

Media reports said citing Nasser bin Khamis al Jashmi, Under-Secretary that international investment could help unearth, explore and exploit the Sultanate’s shale gas potential.

Earlier this year, Oman had commissioned a study to assess the country’s potential of shale gas.

According to oil industry experts, Oman and the wider region sit on huge shale formations that can potentially serve as a source of natural gas and even petroleum.

In the Sultanate, a number of oilfield companies are currently exploring for shale plays as part of their routine exploration activities within their respective concessions. The drive to explore for shale-based hydrocarbons has been fuelled by the enormous success of the shale gas industry worldwide, especially in North America.