TotalEnergies Sews Up PSA on Oman’s Block 11
The French operator plans to drill the first exploration well on an onshore tract during 2023.
TotalEnergies, along with its partners, has signed an Exploration and Production Sharing Agreement (EPSA) with the Ministry of Energy and Minerals (MEM) of the Sultanate of Oman for onshore Block 11. The first stage of the EPSA activities will see seismic acquisition in late 2022, with a first exploration well planned to be drilled in 2023.
TotalEnergies will hold a 22.5% interest in the block, OQ 10% and Shell with 67.5% will be the operator. Block 11 contains undeveloped discoveries and exploration potential.
“Our recent activities in Oman are a demonstration of TotalEnergies’ strategy of transformation into a multi-energy company,” said Laurent Vivier, senior vice president Middle East and North Africa, exploration and production, at TotalEnergies. “Today’s entry into the Block 11 gives us the opportunity to unlock additional potential to meet domestic and export gas demand. It strengthens our strategic relationship with the Sultanate of Oman, as illustrated last December by our entry into the neighboring Block 10 gas concession and the start of construction last July of 17-MW peak solar photovoltaic systems providing power to a desalination plant.”
In 2021, TotalEnergies’ production in Oman was 39,000 BOE/D. The operator produces oil in Block 6 (4%), as well as LNG through its participation in the Oman LNG (5.54%)/Qalhat LNG (2.04% via Oman LNG) liquefaction complex with an overall capacity of 10.5 mtpa. In 2021 TotalEnergies signed a concession agreement to develop natural gas resources on the onshore Block 10 (26,55%), with first gas expected in 2023. TotalEnergies also operates exploration Block 12 (80%).