Eni, BP enter PSA for Block 77 in Oman

Eni SPA and BP PLC have entered a production-sharing agreement for the 3,734-sq-km Block 77 in Central Oman.

Eni SPA and BP PLC have entered a production-sharing agreement for the 3,734-sq-km Block 77 in Central Oman.

The companies had signed a heads of agreement covering the block with Oman’s Ministry of Oil in January (OGJ Online, Jan. 14, 2019).

During the exploration phase, they will have 50% interests each. Eni will be operator.

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