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2018-05-14 10:35:00

SHELL, TOTAL IN OMAN

SHELL, TOTAL IN OMAN

AOG - Shell Gas & Power Developments has signed a memorandum of understanding (MoU) with Oman's government to cover proposed energy development projects in Oman. The agreement covers upstream gas exploration and development, gas-to-liquids (GTL), liquefied natural gas (LNG) and renewable energies.

The MoU sets out an initial mutual understanding between Shell and Oman and serves as a platform for further negotiations on the proposed developments. Under the agreement, Shell is to operate an upstream project with France's Total and the Oman Oil Company (OOC) as partners. It will also operate a GTL project with the OOC as a partner.

The proposed investments are intended to help Oman meet its energy needs and growth aspirations.

Total and Shell, as operator, will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%.

On signing the agreement, Maarten Wetselaar, Shell Integrated Gas & New Energies director, said: "Shell has a long and proud history in Oman, and we are pleased to have the opportunity to take it to new levels through our proposed programme of development and investment in the country. We are hopeful we can use Shell's integrated gas and new energies investment to accelerate Oman's diversification and industrialization agenda. The proposals could also enhance in-country value, resulting in value and job creation in Oman's economy."

Chris Breeze, Shell's country chair in Oman, said: "We are focused on maximising value for Oman and Shell by sustainably developing the country's resources and increasing the share of renewable energy in Oman's energy mix. This is in line with Shell's aim to provide more and cleaner energy solutions."

The MoU sets out an initial mutual understanding between Shell and Oman and serves as a platform for further negotiations on the proposed developments.

Meanwhile, Total will use its equity gas entitlement as feedstock to develop a regional hub for LNG bunkering to supply fuel to marine vessels. This will be achieved thanks to a new small-scale modular liquefaction plant to be built in Sohar port.

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Earlier:

 OMAN OIL PRODUCTION DOWN TO 970 TBD
2017, August, 28, 19:50:00

OMAN OIL PRODUCTION DOWN TO 970 TBD

Oman’s petroleum and other liquids production averaged more than 1 million barrels per day in 2016, its highest production level ever. Oman was on track to maintain this production level in 2017, but it reduced production to approximately 970,000 barrels per day in early 2017 to meet the production cut it agreed to, along with members of the Organization of the Petroleum Exporting Countries (OPEC).

 IRAN - OMAN GAS PIPELINE
2016, June, 14, 18:05:00

IRAN - OMAN GAS PIPELINE

The 400-kilometer pipeline, stretching from Iran to Oman is defined in two onshore and offshore sections. Land part of the gas pipeline extends for 200 kilometers from Rudan to Mobarak Mount in southern Hormozgan province. The seabed section between Iran and Sohar Port in Oman will stretch for another 200 kilometers.

 BP & OMAN AGREEMENT
2016, February, 14, 13:05:00

BP & OMAN AGREEMENT

BP and Oman Oil today signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development of the major Khazzan tight gas field. BP is the operator of Block 61 with a 60% interest and Oman Oil holds the other 40%.

 IRAN TO INVEST $ 2.5 BLN
2014, August, 19, 18:10:00

IRAN TO INVEST $ 2.5 BLN

Iran to invest $2.5b to build oil terminal at Sea of Oman port

 

 OMAN TO DELIVER OFFSHORE PLATFORMS
2014, March, 20, 08:07:00

OMAN TO DELIVER OFFSHORE PLATFORMS

Oman to deliver offshore platforms to Abu Dhabi

 

 OMAN TO INCREASE GAS
2014, March, 5, 16:38:00

OMAN TO INCREASE GAS

Oman to increase gas production

 

 PDO ACHIEVES 1.25 M BPD
2014, March, 5, 16:38:00

PDO ACHIEVES 1.25 M BPD

Petroleum Development Oman achieves 1.25m bpd production in 2013

 

 

 

 

Tags: SHELL, TOTAL, OMAN

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