Oman’s Ministry of Oil and Gas (MOG) has signed an exploration and production (E&P) sharing agreement with Total E&P Oman and PTTEP MENA to explore and produce non-associated gas in onshore Block 12.
The Block 12, which stretches across 10,000km2, is located in the central part of the Sultanate of Oman. It is situated in the northern part of Block 6 and to the south of the Greater Barik area, including Mabrouk North East and Mabrouk West fields.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Total E&P Oman will operate the block and hold an 80% stake, with the remaining 20% held by PTTEP.
PTTEP said that the investment in Oman exploration block aligns with the company’s strategy to broaden strategic collaboration with experienced operators.
The firms will carry out seismic, geological and geophysical studies, as well as drill exploratory wells as part of the agreement.
Under the exploration programme, Total confirmed that the first well from the block will be drilled this year.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn April, Total and the MOG signed a heads of agreement (HoA) with respect to the Block 12, which has significant prospective gas resources.
In 2018, Total’s SEC production in Oman was around 38,000 barrels of oil equivalent per day (boepd).
The company holds 4% interest in the Petroleum Development Oman-operated onshore Block 6. It owns 5.54% in the Oman LNG and 2.04% in the Qalhat LNG.
In July, Total Oman E&P Development awarded a contract to McDermott to deliver front-end engineering design (FFED) services at Oman’s Sohar LNG Bunkering Project.
