BP, Eni ink new exploration deal in Oman

BP, Eni ink new exploration deal in OmanImage courtesy of BP

UK-based energy giant and LNG player BP and its Italian counterpart Eni signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with Oman’s Ministry of Oil and Gas.

Block 77 covers a total area of over 2,700 square kilometers, and BP and Eni will each hold a 50 percent interest in the EPSA, with Eni acting as operator during the exploration phase.

The agreement for this significant new exploration opportunity follows from the heads of agreement for the block that was signed in January 2019.

Block 77 is located 30 kilometers east of the BP-operated Block 61, which contains the already-producing Khazzan gas project as well as the Ghazeer project, currently under development.

BP brought the major Khazzan project into production in 2017.

Ghazeer, the second phase of development on Block 61, is currently under construction and is scheduled to come on stream in 2021.

Khazzan currently produces around 1 billion cubic feet of gas a day (bcf/d) and Ghazeer is expected to add a further 0.5 bcf/d production.

Share this article

Follow LNG World News

Posted on August 1, 2019 with tags , , .

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >