Energy Giants Eni and BP Ink Oman Gas Exploration Deal Energy Giants Eni and BP Ink Oman Gas Exploration Deal
This post was originally published on this site Energy giants Eni and BP have entered into a gas exploration and production sharing agreement (EPSA)... Energy Giants Eni and BP Ink Oman Gas Exploration Deal
This post was originally published on this site

Energy giants Eni and BP have entered into a gas exploration and production sharing agreement (EPSA) for Block 77 with the Government of Oman.

Block 77 covers an area of 2,734 sq km located in central Oman, a statement said.

It added that during the exploration phase Eni and BP will each hold a 50 percent interest, with Eni acting as operator.

Eni said that through the agreement, it is strengthening its role as an “important player” in Oman.

Eni operates in Oman through its subsidiary Eni Oman. In the Middle East, Eni is also present in the UAE, Bahrain, Lebanon and Iraq.

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Source: This post was originally published at Arabian Business on .

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