American Hunt Oil Company has signed the official agreement with the government of Oman on research and an oil recovery on the east countries and territories of gulf of Oman.
According to conditions of the agreement on research in the Block 51 in the east of Oman, Hunt Oil company will enclose 18 million dollars on realization of seismic reviews and drilling.
Oman government in turn will not carry any financial expenses.
Now the current extraction in Oman makes 900000 barr. of crude petroleum per day