Oman Oil Co eyes Oman oil, gas block as BG exits

State-run Oman Oil Company (OOC) is in talks with Oman's Ministry of Oil and Gas to take on an exploration block ceded by Britain's BG Group, a senior Omani oil official said on Sunday.
Like most of its Gulf neighbours, Oman is short of the gas it needs to meet rapidly rising demand for industry and power. Across the region, governments have embarked on exploiting unconventional gas reserves, such as Oman's tight gas.
The gas is in complex formations that is more expensive to produce than more conventional reserves.
“Oman Oil Company is in discussion with the ministry of oil and gas to take over the BG concession in Oman," Nasser al-Jashmi, undersecretary for oil and gas, told Reuters.