Frontier considers farming-out block
Oman This announcement follows the company’s decision in April to look for contractors to begin a 2D seismic survey in an exploration well. The deal would include carried interest and repayment to Frontier Resources of the block’s cost to date, which amounts to $1.6 million.
The company has 100-percent ownership of the block covering an area of almost 17,425 square kilometres in the Rub Al Khali Basin located in southern Oman. The company signed a six-year exploration and production agreement in 2012 and has since found two previously unidentified structural leads that could prove to be lucrative.
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