Energy France’s TotalEnergies in gas exploration deal with Oman By Reuters September 18, 2022, 10:43 AM Reuters/Stephane Mahe The deal was signed in 2021 for TotalEnergies to build four oil, gas and renewables projects French major TotalEnergies said in a statement on Friday it had signed a natural gas exploration and production sharing agreement with the Oman energy ministry. The deal concerns an area called onshore Block 11, with a first exploration well to be drilled in 2023. TotalEnergies will hold a 22.5 percent interest in the block, OQ 10 percent and Shell, holding 67.5 percent, will be the operator. “Today’s entry into the Block 11 gives us the opportunity to unlock additional potential to meet domestic and export gas demand,” TotalEnergies said. The French multi-energy company recently has sold its 18 percent interest in the onshore Sarsang oil field in the Kurdistan region of Iraq for $155 million, the company said in a statement. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
