Oman, Total, Shell sign gas agreement

MUSCAT, May 14, 2018 – Total and Shell have signed an MoU on gas development with Oman’s Ministry of Oil and Gas, the French company announced on Sunday.

“Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25 percent and 75 percent,” Total said in a statement.

“Total will use its equity gas entitlement as feedstock to develop in Oman a regional hub for Liquefied Natural Gas (LNG) bunkering service to supply LNG as a fuel to marine vessels,” the statement continued.

The MoU also included co-operation on GTL and renewable energies.

The Greater Barik project is slated to produce 14.2 mcm (500 mcf) of gas per day, with output potentially reaching double that figure. Shell will operate the project, with Total and NOC Oman Oil Company as partners.

A separate GTL development will see Shell partner with Oman Oil Company.

Read our latest insights on: