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Milan (Italy), 25th May 2017 – Oman Oil Company S.A.O.C. (OOC), the Sultanate’s investment arm in the energy related sectors, and the leading Italian integrated energy company Eni have finalized a Memorandum of Understanding (MoU) to explore cooperation opportunities in the oil and gas sector.
The agreement has been reached in Milan by Eng. Isam bin Saud Al Zadjali, CEO of OOC, and Claudio Descalzi, CEO of Eni. The ceremony was attended by H.E. Dr. Mohammed Al Rumhi, Oil and Gas Minister of the Sultanate of Oman – The Chairman of OOC, by Dr. Ahmed Salim Baomar, Ambassador of the Sultanate of Oman to Italy, and by a number of executives and senior officials from both companies.
Commenting on this occasion, Eng. Isam Al Zadjali, CEO of OOC said: «This MoU with Eni is another step taken by OOC to join hands with a strategic international partner seeking development areas in Oil and Gas sector. The strategic position of OOC as Oman’s national oil company attracts major international oil companies’ investments in the Sultanate.»
The Ministry of Oil & Gas of the Sultanate of Oman has also granted Eni and OOCEP exploration rights in Block 52, an area of 90,000 Km2 with a water depth ranging from 10 to 2,000 metres with liquid hydrocarbon potential, located offshore Oman. The area is largely unexplored with the potential of hydrocarbons findings. The area has been awarded following an international bid round process launched in October 2016.
«We are very happy with this agreement and the award of Block 52», said Eni’s CEO Claudio Descalzi. «This MoU and exploration in Block 52 will allow Eni to start cooperating and investing in such an important East Country and will enable our company to expand its presence in a key region of the Middle East, in line with our strategy aimed at diversifying our exploration portfolio across basins with liquid hydrocarbon potential while keeping high quality stakes throughout the exploration phase.»
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
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