86343
Total, Oman Sign Energy Deal
Total, Oman Sign Energy Deal

Total, Oman Sign Energy Deal

Total, Oman Sign Energy Deal

Total has signed a memorandum of understanding with the government of Oman to develop natural gas resources in Oman, covering both upstream and downstream businesses.
Total and Shell as operator will develop several natural gas discoveries located in the Greater Barik area on onshore Block 6 with respective shares of 25% and 75%, as per the agreement between both companies and before possible state back-in.
The initial gas production target is 500 million cubic feet per day and a potential to reach 1 billion cubic feet per day at a later stage, Reuters reported. Total will use its equity gas entitlement as feedstock to develop in Oman a regional hub for liquefied natural gas bunkering service to supply LNG as a fuel to marine vessels.
This will be achieved thanks to a new small-scale modular liquefaction plant to be built in Sohar Port. The plant will comprise a train of around 1 metric ton per year and will offer the flexibility for expansion as required by the development of the LNG bunkering market.
“We are pleased to sign this MoU with the Sultanate of Oman that will give us access to new gas resources and the opportunity to develop an integrated gas project,” Arnaud Breuillac, Total's head of exploration and production, said.
“We will bring our expertise in LNG and introduce access to a new gas market for the sultanate. Developing an LNG bunkering service will generate in-country value and job opportunities, and will support industry diversification through fostering the shipping activity in Oman.”
Total produces oil in Block 6 (4%) and Block 53 (2%), as well as LNG through its participation in the Oman LNG (5.54%) and Qalhat LNG (2.04%) liquefaction complex.

Short URL : https://goo.gl/jYTQwp
  1. https://goo.gl/F4ek1u
  • https://goo.gl/FLHpRU
  • https://goo.gl/wszBmv
  • https://goo.gl/xng4Sv
  • https://goo.gl/DTE1zD

You can also read ...

China Rejects US Sanctions, Vows to Continue Iran Crude Purchase
As the US and Iran continue to trade barbs over the...
India Vying for US Waiver
India, the second biggest crude customer of Iran, may cut its...
Venezuela Braces for Pricey Gasoline
Gasoline prices in Venezuela will soon catch up with world...
Zanganeh to Attend OPEC, Non-OPEC Committee Meeting
Iran's Oil Minister Bijan Namdar Zanganeh will attend a...
S. Korea Iran Crude Imports Up 15%
South Korea’s imports of Iranian crude rose around 15% in July...
Indonesia Cuts Oil Imports
Indonesia’s PT Pertamina will get an extra 225,000 barrels per...
UK's Quercus Halts Iran Renewable Project
British renewable energy investor Quercus said it will halt...
Private Investors Get Green Light for Renewable Exports
The Energy Ministry has called on the Renewable Energy and...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus