Client has signed an exploration and production sharing agreement (EPSA) with the leading US energy company EOG Resources. The block is being acquired by EOG in a transaction with Apex Oman (Block 36) Inc. In partnership with the Ministry of Energy and Minerals, EOG plans to drill a minimum of two wells to explore oil resource targets by mid-2022. This agreement represents the next step for Oman to determine the resource potential of the Rub Al Khali Basin.
EOG Resources is planning to start drilling at the filed in 2021.
Work is currently in progress on this scheme.
March
30
2022
Wednesday
LAST UPDATED
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