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Eni signs deal for Block 52 offshore Oman

Exploration & Production

The government of the Sultanate of Oman, Oman Oil Company Exploration and Production (OOCEP) and Eni have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 52, located offshore Oman

The signing ceremony was attended by the Minister of Oil and Gas of Oman, Mohammed bin Hamad Al Rumhi, OOC CEO, Isam Al Zadjali, Eni’s CEO, Claudio Descalzi, and Qatar Petroleum’s President and CEO, Saad Sherida Al Kaabi.

Situated offshore in the southern region of Oman, Block 52 has an area of approximately 90,000 sq m, with water depths ranging from 10 to over 3,000 metres. At the same event, held in Muscat, Eni and Qatar Petroleum signed an agreement for the assignment of 30 per cent interest in Block 52 to Qatar Petroleum.

"The signing of the Block 52 EPSA will assist Eni in strengthening its presence in the Middle East region. We wish to establish with the Sultanate of Oman, which is a historical Oil & Gas producer in the region, a long-lasting relationship in the best tradition of Eni. It is also remarkable that, the same day, we are welcoming Qatar Petroleum as a partner in Block 52, to join our efforts with such a strong partner that is currently leading the LNG business worldwide", said Eni CEO, Claudio Descalzi.

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