Shell has commenced gas exploration and appraisal in central Oman as part of its role in the integrated gas development spearheaded by Oman`s Ministry of Oil and Gas. said a report.
The first-of-its-kind. multi-billion dollar project is being carried out in partnership with international and local upstream energy firms. said an Oman Daily Observer report.
The move marks the return of the global energy heavyweight into the Sultanate’s upstream gas sector as an independent investor and operator. said Oman Shell’s Country Chairman Walid Hadi.
Shell. along with energy giant Total. have signed agreements with the Omani government to monetize gas resources in the Greater Barik area (encompassing Blocks 10. 11 and 12) in central Oman. Also participating in the integrated venture are Petroleum Development Oman (PDO) and Oman Oil Company Exploration &. Production (OOCEP) — part of OQ (formerly Oman Oil &. Orpic Group). said the report.