OMAN is in talks with Shell and TotalEnergies to develop onshore Block 11, which lies close to its prolific gas-rich Block 10. Salim al Aufi, under-secretary of Oman's Ministry of Energy & Minerals, told local media this week that the nation is negotiating with the two supermajors on a commercial agreement to develop Block 11. "Discussions are ongoing now to finalise the commercial agreement between the government and the same [Block 10] partners for Block 11," al Aufi said. Shell and its partners Omani state-owned energy company OQ and Marsa LNG - a joint venture between French giant Total-Energies and OQ - signed a Block 10 concession agreement with Oman's Ministry of Energy & Minerals in December to develop and produce natural gas. According to the concessions agreement, Shell will hold a 53.45% operating stake, with OQ and Marsa LNG holding 13.36% and 33.19%, respectively. Block 10 is said to be strategic for Oman and is expected to bridge the gap between the nation's gas supply and future consumption needs.
展开▼
