Eni signs EPSA for Block 52 offshore Oman

The Government of the Sultanate of Oman, Oman Oil Company Exploration and Production ("OOCEP"), a subsidiary of state company Oman Oil Company ("OOC"), and Eni today entered into an Exploration and Production Sharing Agreement ("EPSA") for Block 52, located offshore Oman. Block 52 is an underexplored area with hydrocarbons potential located offshore in the southern region of Oman. Block 52 has an area of approx. 90,000 Km2, with water depths...

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Notes on Oman

Executive summaryAfter years of declining production, crude output has increased y-o-y since 2008 due to:Oman's EOR project at the Mukhaizna field; andStabilisation of production at PDO's Block 6 (Oman's main producing area)PDO has also implemented a number of EOR initiatives to maintain its own production of c.550mbopd over the next 5 to 8 yearsThe success of these EOR projects will largely dictate the level to which Oman can maintain liquids production over the medium termIncreasing focus on gas production in response to projected shortfallsEncourage...

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