Oman’s Ministry of Oil and Gas (MoG) and Shell Exploration and Production Oman BV (Oman Shell) signed an Exploration & Production Sharing Agreement (EPSA) for Block 55 in the southeast of the Sultanate of Oman.
Oman Shell will now have a 100 per cent working interest and operatorship of Block 55.
The deal was signed by Undersecretary of Oman’s Ministry of Oil and Gas Salim bin Nasser Al Aufi and Shell Oman’s Country Chairman Walid Hadi
“This agreement will further maximise the potential of Oman’s oil and gas industry, in line with the Sultanate’s strategy to create opportunities of growth for both upstream and downstream projects.” Said Al Aufi.
“This agreement further expands Shell’s operated exploration footprint in the Sultanate as we employ the exploration technology, which we have evolved over the last century,” said Walid Hadi, Oman Shell Country Chairman.
This block complements the company’s exploration portfolio in the Sultanate alongside Block 42 and a portion of Block 6.
