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.”
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
This website uses cookies.