Muscat: – Total, the Ministry of Oil and Gas of the Sultanate of Oman (MOG), Oman Oil Company (OOC), Shell and Petroleum Development Oman (PDO) have signed an Interim Upstream Agreement to further explore and develop in 2019 the gas resources of the Greater Barik area (northern part of Block 6 located onshore in the central west region of Oman).
This agreement is the first step towards the implementation of the Memorandum of Understanding signed between Total and MOG in May 2018 related to the development of an Integrated Gas project.
This integrated project includes an upstream development, in partnership with Shell and OOC, to produce the gas resources of the Greater Barik area and a downstream development by which Total and OOC will supply build and operate a 1 million tons per annum (Mtpa) LNG plant and develop a LNG bunkering hub in the port of Sohar.
Parties will continue to work diligently to finalize the definitive agreements which will guarantee the success of those integrated developments.
“Total is pleased by this new step towards the development of an LNG bunkering hub in Sohar and is grateful to the Government of Oman for his continued support. We are confident that the project will help diversify the gas sector in Oman and support the economic development of the port of Sohar and its region, commented Stephane Michel, Senior Vice President Exploration-Production Middle East & North Africa of Total. “As a leading integrated gas player, Total is committed to bringing the best of its expertise to develop and operate this one of a kind integrated gas project.”
Total Exploration & Production in Oman
In Oman, Total’s SEC production was 38,000 barrels of oil equivalent per day in 2018. Total holds 4% interest in the PDO operated onshore Block 6, as well as in the Oman LNG (5.54%) and Qalhat LNG (2.04%) liquefaction complex located at Sur with an overall capacity of 10.5 Mtpa.
Total is a major energy player, which produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is safer, more affordable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major.
Total media contact : email@example.com
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them.
This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
© Press Release 2019