Background
April 2019,Total and the Ministry of Oil and Gas of the Sultanate of Oman (MOG) have signed a Heads of Agreement (HoA) for the award to Total of an exploration license on Block 12 with significant prospective gas resources.
Under the terms of this HoA, both parties will finalize in the coming months, on an exclusive basis, a definitive agreement that will grant to Total 100% 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 as a fuel to marine vessels.
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In Oman, Total’s SEC production was 38,000 barrels of oil equivalent per day in 2018. Total holds 4% interest in the onshore Block 6 (operated by Petroleum Development Oman), as well as in the Oman LNG (5.54%) and Qalhat LNG (2.04%).
Brief Introduction
Spread over 10,000 km2, 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 program on the block will comprise seismic acquisition and drilling commitments, with the drilling of a first well in 2020.