Total and the Ministry of Oil and Gas of the Sultanate of Oman (MOG) have signed heads of agreement (HoA) for an exploration license on Block 12 with significant prospective gas resources
Under the terms of this HoA, both parties will finalise in the coming months, on an exclusive basis, a definitive agreement that will grant to Total 100 per cent working interest and operatorship of the exploration block 12, located in Central Oman.
This new agreement was signed after Total, the Ministry of Oil and Gas and Oman Oil Company (OOC) reached a new milestone to implement their integrated gas project, which entails developing the gas resources of the Greater Barik area (Blocks 10 and 11), as well as building and operating a liquefaction plant to offer a bunkering service and supply liquefied natural gas (LNG) as a fuel to marine vessels.
“After the agreement reached on the integrated gas project of the Greater Barik area, the entry into exploration Block 12 represents a new exploration opportunity to unlock additional gas potential and to contribute to income growth and job creation in the country,” stated Patrick Pouyanné, chairman and CEO of Total.
Spread in more than 10,000 sq km, Block 12 is located onshore, in the northern part of Block 6 and to the south of the Greater Barik area (including Mabrouk North East and Mabrouk West fields).
Total’s exploration programme on the block is expected to comprise seismic acquisition and drilling commitments, with the drilling of the first well in 2020.
