Oman’s Ministry of Energy and Minerals announced in a statement that, an Exploration and Production Sharing Agreement (EPSA) has been signed to explore for hydrocarbons in Block 36 in the southwest of the Sultanate of Oman.
The agreement was signed with US based Oil & Gas Firm, EOG Resources (Inc.).
The agreement was signed on behalf of the Sultanate’s government by Dr. Mohammed bin Hamad al-Rumhy, Minister of Energy and Minerals, and William R. Bill Thomas, CEO and Board Chairman of EOG Resources Inc.
Block 36, covering an area of 18,556 sq kilometers, lies in the Rub-al-Khali (Empty Quarter) in the southwest of the country. EOG Resources plans to drill at least two exploratory wells by mid-2022.
Read Also: Oman Awarded Onshore Block 70 Oil & Gas Exploration deal
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