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  • Eni signs Exploration and Production Sharing Agreement for Block 47, onshore Oman
    édité le 14/01/2019 - Plus de news de "ENI" - Voir la fiche entreprise de "ENI"


Eni signs Exploration and Production Sharing Agreement for Block 47, onshore Oman
Eni and the state company Oman Oil Company Exploration and Production (OOCEP) have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 47 with the Government of the Sultanate of Oman.

Block 47 is located onshore in the Omani A’Dakhiliyah Governorate and covers an approximate area of 8,524 sqkm. The Block was awarded to Eni and OOCEP following their joint bid as part of the 2017 Oman Licensing Round. Pursuant the EPSA, Eni is the Operator of block and with a 90% participating interest and OOCEP holds the remaining 10% participating interest. Exploration operations are expected to commence in 2019.

In addition, Eni has signed with the Ministry of Oil & Gas and with BP a Head of Agreement (HoA) that sets up the principles for the acquisition of the Exploration and Production rights of Block 77 onshore, with an acreage of 3.100 sqkm, 30 km east of the BP-operated Khazzan Field.

Under the Agreement, Eni and BP hold 50% each with Eni acting as operator during the exploration phase.

Following the signature of the HoA, the Exploration and Production Sharing Agreement (EPSA) will follow shortly.

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.

Eni operates in Oman through its subsidiary Eni Oman. In the Middle East, Eni is also present in the United Arab Emirates, Lebanon and Iraq.

About ENI

Eni is an integrated energy company employing more than 34.000 people in 69 countries in the world. Eni engages in oil and natural gas exploration, field development and production, as well as in the supply, trading and shipping of natural gas, LNG, electricity and fuels. Through refineries and chemical plants, Eni processes crude oil and other oil-based feedstock to produce fuels, lubricants and chemical products that are supplied to wholesalers or through retail networks or distributors.

About Oman Oil Company Exploration & Production

Oman Oil Company Exploration & Production LLC (OOCEP) was established as an Omani upstream oil & gas company. As a subsidiary of Oman Oil Company SAOC (OOC), OOCEP is driven by upstream investments in line with OOC’s strategy of pursuing local and international energy related investments. OOCEP’s activities are focused towards upstream and midstream investments in Oman and abroad. Given these segments potential for growth, OOCEP continues to search for opportunities where its solutions can unlock value.

Primarily an Omani organization, OOCEP makes investments to capitalize on Oman’s experience in the oil & gas industry. Moreover, the company strives to achieve strong operational results, financial returns, pursue opportunities that will contribute to meeting the future energy needs of the Sultanate, and provide a platform for professional development of it’s Omani workforce.


Origine : Communiqué ENI

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