TotalFinaElf signs exploration and production sharing agreement with Oman

March 19, 2002
The Oman Ministry of Petroleum granted TotalFinaElf SA an exploration and production sharing agreement in which TotalFinaElf will take 100% interest and become the operator of Block 34. The block is in southeastern Oman and covers 11,500 sq km.


By the OGJ Online Staff
HOUSTON, Mar. 19 -- The Oman Ministry of Petroleum granted TotalFinaElf SA an exploration and production sharing agreement in which TotalFinaElf will take 100% interest and become the operator of Block 34.

The block is in southeastern Oman and covers 11,500 sq km. The exploration agreement calls for successive phases, with the first 2 years dedicated to geological studies and to the acquisition and interpretation of seismic data.

TotalFinaElf said the block strengthens its presence in Oman, where it is a partner on other projects with state owned Petroleum Development of Oman and Oman Liquefied Natural Gas.