Shell, Ministry of Oil and Gas sign exploration agreement
October 10, 2019 | 1:24 PM
by Times News Service
Photo supplied

Muscat: The Ministry of Oil and Gas has signed on Thursday, new Exploration and Production Sharing Agreement (EPSA) for having the right to explore and develop the concession Block 55

This agreement provides for the company's commitment during the agreement period in carrying out seismic surveys, conducting many geological and geophysical studies and digging a number of exploration wells.

The agreement was signed by HE Undersecretary of the Ministry on behalf of the Government and Walid Hadi, Oman Shell’s Country Chairman on behalf of Shell

The commitment of the company under the agreement is obtaining geological and geophysical studies, 3D seismic acquisition and drill wells during exploration periods.

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