Oman signs EPSA with Shell for Block 11. Credit: Shell.

The Government of Oman has signed an exploration and production sharing agreement (EPSA) with Shell and its partners for Block 11.

The deal is for the exploration, evaluation, and development of natural gas resources and condensate in Block 11.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Shell‘s partners include Omani integrated energy company OQ, and French energy giant TotalEnergies.

Under the deal, Shell Integrated Gas Oman will operate Block 11 with a 67.5% stake.

TotalEnergies will own a 22.5% stake while OQ will hold the reaming 10% stake in the block.

See Also:

Shell senior vice-president and Oman Country chair Walid Hadi stated that Block 11 is on the western side of Oman, within and nearby the Umm as Samim Sabkha.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The exploration activities will involve the seismic survey of 1,400km² in late 2022 and will be followed by more exploration wells.

Oman Energy and Minerals minister Salim bin Nasser Al Aufi was quoted as saying: “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.”

In December last year, Shell Integrated Gas Oman, OQ, and Marsa Liquefied Natural Gas signed a concession agreement with Oman’s Ministry of Energy and Minerals for the development and production of natural gas from Block 10 of the Saih Rawl gas field in Oman.

In a separate development, Shell announced that its CEO Ben van Beurden will step down at the end of this year and will be replaced by Wael Sawan.