Indonesia's Medco looking to Expand in Oman

Indonesia’s energy firm PT Medco Energi Internasional plans to acquire new oil and gas blocks in Oman, reported news portal Bisnis.com.

"There are some blocks that we are evaluating,” company secretary of Medco Energi Internasional Imron Ghazali told the website last week.

In November last year, the company bought a majority stake in Block Oman 56. The block is located in the prolific Oman Salt Basin and is spread over an area of 5,808 square kilometers.

MedcoEnergi has been in Oman since 2006 as operator of the Karim Small Fields (KSF) Service Contract. Oman 56 is located adjacent to KSF with similarities in geology and advantage in synergy of operations.