Despite its modest (by regional standards) oil and gas upside, Oman has managed to attract an array of majors in recent years. Eni, Total and Shell have signed up to new projects, while BP is expanding its Khazzan tight gas field. But with few exceptions, the most prospective acreage has been in northern Oman. The south has by and large been left to minor players (MEES, 22 February 2019).
So the arrival of US independent EOG Resources to Block 36 in the far south is a notable development (MEES, 18 September). EOG is a leading player in the US shale patch, where it netted 433,000 b/d of liquids and 1.37bn cfd of gas in the 2019. Its presence is particularly strong at Eagle Ford and the Permian’s Delaware Basin. (CONTINUED - 806 WORDS)