Exploration & Production

Qatar Petroleum to acquire stake in Oman block

Qatar Petroleum will acquire a 30% participating interest in the exploration and production sharing agreement for Block 52 offshore Oman.
By Staff reporter 15 November 2017 0 28396

Qatar Petroleum will acquire a 30% participating interest in the exploration and production sharing agreement for Block 52 offshore Oman.

Eni, which was awarded a contract for the block on Tuesday, will hold a 55% share in the block, while Oman Oil Co. will hold 15%.

Block 52 has water depths ranging from 10 metres to more than 2,000 metres.

The contractor parties will soon embark on an exploration programme with the acquisition and processing of 3D seismic data, which will be followed by exploration drilling,...