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BG Enters Oman with Exploration and Production Sharing Agreement

Source: www.gulfoilandgas.com 4/30/2006, Location: Middle East

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BG Group has signed an Exploration and Production Sharing Agreement (EPSA) with the Government of Oman for a 100% interest in and operatorship of Block 60 onshore Oman. Block 60, which covers almost 1500 square kilometres (sq km), contains the Abu Butabul gas and condensate discovery which was made in 1998. In addition to this discovery there are other exploration prospects within the Block. BG will acquire seismic over the area and conduct a comprehensive appraisal drilling programme to assess fully the reserve potential.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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