Gulf Oil and Gas accountACCOUNT

BP & Eni Sign Exploration Agreement in Oman

Source: www.gulfoilandgas.com 7/31/2019, Location: Middle East

BP and Eni have signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sultanate of Oman.

Block 77 covers a total area of over 2,700 sq kms. BP and Eni will each hold a 50% interest in the EPSA, with Eni acting as operator during the exploration phase.

The agreement for this significant new exploration opportunity follows from the heads of agreement for the block that was signed in January 2019.

Block 77 is located 30 kms east of the BP-operated Block 61, which contains the already-producing Khazzan gas projectas well as the Ghazeer project, currently under development.

Bob Dudley, BP group chief executive, said: 'Today’s announcement reflects the continued exploration potential we see in Oman and reinforces BP’s commitment to the Sultanate of Oman. We look forward to working with the Government and Eni to continue to explore and develop the country’s resources and secure its long-term gas production.'

BP successfully brought the major Khazzan project into production in 2017. Ghazeer, the second phase of development on Block 61, is currently under construction and is scheduled to come on stream in 2021. Khazzan currently produces around 1 billion cubic feet of gas a day (bcf/d) and Ghazeer is expected to add a further 0.5 bcf/d production.

Exploration News in Oman >>

Australia >>  9/19/2019 - Equinor provided the requested further information regarding the environment plan for their proposed exploration drilling activity in the Great Austra...
Colombia >>  9/18/2019 - Colombia will have 59 blocks on offer in its next round of oil bidding, the national hydrocarbons agency (ANH) said on Wednesday, as the country steps...

Guyana >>  9/16/2019 - Tullow Oil plc (Tullow) announces that the Joe-1 exploration well has successfully opened a new Upper Tertiary oil play in the Guyana basin. ...
Norway >>  9/13/2019 - Norway's Petroleum Safety Authority has given Equinor consent for exploration drilling in Block 7219/9 in the Barents Sea. Well 7219/9-3 is part of pr...

Mexico >>  9/11/2019 - Talos Energy Inc. has received a two-year contract term extension as well as regulatory approvals for additional exploration activities on Block 7, lo...
United Kingdom >>  9/11/2019 - Independent Oil and Gas plc (IOG), the development and production company focused on becoming a substantial UK gas producer, is pleased to provide an ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Oman Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

Oil & Gas Projects in Oman >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.