Exploration & Production
Eni and Oman Oil Company (OOC), State Company of the Sultanate of Oman, finalized on May 25, 2017 a Memorandum of Understanding (MoU) to evaluate oil and gas cooperation opportunities.
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 3,000 metres with liquid hydrocarbon potential, located offshore Oman. The area is largely unexplored with the potential of hydrocarbons findings and will enable our company to expand its presence in a key region of the Middle East.
The Block 52 oil contract ("EPSA") was officially signed in Muscat between the parties (MOG, Eni Oman BV and OOCEP) on 14th November 2017. At the same time, Eni also signed an agreement for the assignment of 30% of its interest to Qatar Petroleum.
Eni, through its subsidiary Eni Oman BV, is considering other opportunities in the country, both in the Upstream and Downstream sectors, to increase its presence in key region of the the Middle East.