Posted on Leave a comment

Oman agrees exploration deal with TotalEnergies and Shell

industry gc43fe9b61 1920

The local subsidiaries of energy majors Shell and TotalEnergies have finalised an agreement with Oman to explore the country’s onshore Block 11 and share any subsequent production.

Block 11 is situated near the Um Asamim Sabkha in the country’s western portion. According to Oman’s Ministry of Energy and Minerals, efforts will focus on exploring and assessing the condensate and natural gas resources in the block and subsequently developing them.

Shell will take the lead as operator with a 67.5% stake. The Omani state-owned energy company OQ will have a 22.5% interest, and the remaining 10% will belong to TotalEnergies. Speaking for TotalEnergies, Senior Vice President Laurent Vivier said that gaining access to Block 11 would release additional resources for meeting the domestic and international demand for natural gas. Seismic acquisition will begin later this year, with exploratory drilling expected to start next year.

Shell’s country chair for Oman and senior vice president, Walid Hadi, said about the new agreement:

“Shell’s entry into this block signifies a further commitment to Oman, while enhancing and diversifying its gas supply. For Shell, this partnership will strengthen our integrated gas business and generate value for Oman and our shareholders.”

In addition to being integrated energy companies, Shell and TotalEnergies make a wide range of lubricants and fluids for a variety of applications, such as the Total Nevastane range of food-grade lubricants. At TrAchem, we are proud to include these in the wide range of products we stock and sell, so contact our helpful team to learn more.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.