Eni, BP sign Oman deals
Oman 
MUSCAT, January 14, 2019 – Eni has signed a PSA for Block 47 and a Heads of Agreement to acquire Block 77 onshore Oman, the super-major announced on Monday.
Oman Oil Company Exploration and Production, known as OOCEP, will be Eni’s sole partner in Block 47, with a 10% stake. Eni and BP are to each hold 50% stakes in the Block 77 licence, with Eni as operator, the company statement added.
“Following the signature of the HoA [Heads of Agreement], the Exploration and Production-Sharing Agreement (EPSA) will follow shortly,” Eni said. “The signature of Block 47 EPSA and Block 77 HoA, represents a further step in Eni’s strategy to reinforce its presence in the Sultanate of Oman and strengthen the collaboration with OOCEP, which is Eni’s partner also in Block 52.”
Read our latest insights on:
More content from Oman
Latest news and features
