Joint venture to explore Oman’s offshore Block 52

Oman’s Ministry of Oil and Gas has granted Eni SPA and Oman Oil Co. SAOC (OOC), the Sultanate’s energy investment arm, exploration rights for Block 52, a 90,000-sq-km area in 10-2,000 m of water offshore Oman. The area is largely unexplored, and was awarded following an international bid round launched in October 2016 (OGJ Online, Dec. 14, 2016).

In conjunction with its Block 52 exploration, Eni finalized a memorandum of understanding with OOC to enter the Oman upstream.