Saturday 10 December 2022
 
»
 
»
Story

Oman, TotalEnergies sign agreement for onshore Block 11

PARIS, September 19, 2022

Oman’s Ministry of Energy an Minerals (MEM) has signed an Exploration and Production Sharing Agreement (EPSA) in the onshore Block 11 with French energy major TotalEnergies and its partners.

The first stage of the EPSA activities will see seismic acquisition in late 2022, with a first exploration well planned to be drilled in 2023.

TotalEnergies will hold a 22.5% interest in the block, OQ 10% and Shell with 67.5% will be the operator. Block 11 contains undeveloped discoveries and exploration potential.

“Our recent activities in Oman are a demonstration of TotalEnergies’ strategy of transformation into a multi-energy company,” said Laurent Vivier, Senior Vice President Middle East and North Africa, Exploration and Production, at TotalEnergies.

“Today’s entry into the Block 11 gives us the opportunity to unlock additional potential to meet domestic and export gas demand. It strengthens our strategic relationship with the Sultanate of Oman, as illustrated last December by our entry into the neighbouring Block 10 gas concession, and the start of construction last July of 17-megawatt-peak solar photovoltaic systems providing power to a desalination plant.”

Salim bin Nasser Al Aufi, Minister of Energy and Minerals in Oman said: “There is a continuous focus in MEM on enhancing the natural gas reserves of the Sultanate of Oman through exploration and appraisal activities undertaken by several companies in the country. This agreement strengthens the strategic relations with partners in the sector such as Shell, TotalEnergies, OQ and others to ensure Oman’s energy security and attract more foreign investment, adding the highest value to the local supply chain.” – TradeArabia News Service

 




Tags:

More Energy, Oil & Gas Stories

calendarCalendar of Events

Ads