Shell, Oman ink energy MoU
Shell Gas & Power Developments has signed a memorandum of understanding (MoU) with the government of Oman to work on upstream gas exploration and development, gas-to-liquids (GTL), LNG and renewable energies, Oman Observer reported on May 14.
Under the MoU, Shell is to operate an upstream project with France's Total and Oman Oil Company (OOC) as partners. It will also operate a GTL project with OOC as a partner, the newspaper reported without providing further details about these projects. Shell had earlier said that it had ruled out greenfield GTL projects.
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“We are hopeful we can use Shell’s integrated gas and new energies investment to accelerate Oman’s diversification and industrialisation agenda,” Maarten Wetselaar of Shell Integrated Gas & New Energies said. “The proposals could also enhance in-country value, resulting in value and job creation in Oman’s economy.”