Shell and OOCEP Team Up in Oman
Oman Oil Company Exploration & Production (OOCEP) and Shell have signed a heads of agreement to collaborate on Oman Block 42, Shell said April 27. This is first instance of cooperation between OOCEP and Shell in Oman.
Under this HOA an initial aerial study will be carried out, before potentially undertaking further and more focused activities in the block. Block 42 comprises an area of about 25,600 km2, which could hold hydrocarbon potential in several geological plays.
Isam Bin Saud Al Zadjali, CEO,Oman Oil Company and Shell's Chris Breeze (Credit: Shell)
Shell is already present in Oman where it has a 30% share in Oman LNG. Shell also owns 49% in Shell Oman Marketing Company, which provides services and sells a wide range of Shell automotive, aviation and marine products, including fuels, lubricants and greases. The company also has a network of over 120 Shell retail filling stations strategically located throughout the Sultanate.
Shardul Sharma