BP aims to repeat its tight gas successes in Oman with a new development in partnership with Eni. BP (50%) confirms that the partners intend to drill an exploration well on the Eni-operated (50%op, BP 50%) 3,100km2 Block 77 this year, which is located to the east of the UK major’s flagship 1.5bn cfd Block 61 (BP 40%, OQ 30%, PTTEP 20%, Petronas 10%) tight gas development.
BP’s successes on Block 61 sparked renewed IOC interest in Oman’s upstream. The 1bn cfd Khazzan development came online in 2017, followed in 2020 by a second 500mn cfd phase known as Ghazeer. Eni and BP first signed a heads of agreement (HoA) for the newly-created Block 77 in January 2019 (MEES, 18 January 2019), followed by an exploration and production sharing agreement (EPSA) in July that year. (CONTINUED - 448 WORDS)