Oman has awarded Block 36 to tight oil specialist EOG Resources, which plans to drill two exploration wells on the area by mid-2022. About Eog Resources, Inc. Oman’s Ministry of Energy and Minerals has signed a deal with the US’ EOG Resources for Block 36. The agreement was signed with US based Oil & Gas Firm, EOG Resources (Inc.). Tethys offers EOG 50% stake in Oman Block 49. Tethys Oil entered into a farmout agreement with EOG Resources (EOG) in November 2020, whereby EOG acquired a 50% interest in the exploration and production sharing agreement covering Block 49. Tethys Oil entered into a farmout agreement with EOG Resources, Inc. (EOG) in November 2020, whereby EOG acquired 50 percent interest in the exploration and production sharing agreement covering Block 49. This agreement was signed by Dr Mohammed Al Rumhi, the Minister of Energy and Minerals, on behalf of Oman’s Government, and William R. Bill Thomas, Chairman and Chief Executive Officer of EOG Resources. 2019-08-28. Oman signs EPSA pact for Block 36 16-09-2020 11:50 PM 1954. 2019-08-05. MUSCAT, SEPT 17 – EOG Resources Inc, one of the largest crude oil and natural gas exploration and production companies in the United States, has signed an Exploration and Production Sharing Agreement (EPSA) with the government of the Sultanate of Oman to explore for hydrocarbons in Block 36 in the southwest of the country. NYSE-listed EOG Resources Inc. has signed an Exploration & Production Sharing Agreement (EPSA) with Oman’s Ministry of Oil & Gas, pursuant to which the company has been awarded exploration and production rights for Block 36 located onshore in the Rub al Khali basin. The agreement is subject to government approval. Swedish energy firm Tethys Oil, through its wholly owned subsidiary Tethys Oil Montasar Ltd, has entered into an agreement with EOG Resources Oman Block 49 Limited, a wholly owned subsidiary of EOG Resources, Inc, for EOG to obtain a 50-per cent interest in the Exploration and Production Sharing Agreement (EPSA) covering Block 49 onshore Oman which comprises 15,439 sq km. Oman secured a notable new player in its upstream sector this week, with US firm EOG Resources signing an Exploration and Production Sharing Agreement (EPSA) for Block 36. Tethys Oil, through its wholly owned subsidiary Tethys Oil Montasar (Tethys), has entered into an agreement with EOG Resources Oman Block 49 for the latter to obtain a 50 per cent interest in the exploration and production sharing agreement covering Block 49 onshore Oman that comprises 15,439 sq km. Under the agreement, subject to government approval, EOG will also have the option to assume operatorship of the block and increase its interest to 85 per cent for any operation relating to unconventional hydrocarbon resources Image used for illustrative purpose. Tethys Oil entered into a farmout agreement with EOG Resources(EOG) in November 2020, whereby EOG acquired 50 per cent interest in the exploration and production sharing agreement covering Block 49. EOG Resources is a company that stresses a high-energy work environment, which is why they are constantly looking for the top talent with new and fresh ideas. The agreement is subject to government approval. Oman Signs E&P Agreement for Hydrocarbon Exploration Thursday, 17th September 2020. Oman’s Ministry of Energy and Minerals announced in a statement that, an Exploration and Production Sharing Agreement (EPSA) has been signed to explore for hydrocarbons in Block 36 in the southwest of the Sultanate of Oman. The block in question is in the Rub’ al Khali, or empty quarter, in Oman’s southwest. EOG Resources chairman and CEO William R. “Bill” Thomas said: “We are excited to partner with Tethys to evaluate an oil-rich basin for both conventional and unconventional potential. Report Date Amount (MM) Description. … EOG Resources, Inc. Common Stock (EOG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. EOG Resources EOG does not expect U.S. oil production to return to pre-pandemic levels, said Bill Thomas – the Chairman of the Board and CEO.. … The company is ranked 181st on the Fortune 500. a minute read. Large-scale shale is the Holy Grail for oil prospector EOG Resources. Tethys Oil entered into a farmout agreement with EOG Resources, Inc. (EOG) in November 2020, whereby EOG acquired 50 percent interest in the exploration and production sharing agreement covering Block 49. EOG Resources Awarded Oman Block 36. It engages in exploration, development, production and marketing of natural gas and crude oil originating in the Eagle Ford Shale and Barnett Shale in Texas and the Bakken formation in North Dakota. Block 49 covers 15,439 square kilometres in south-west Oman, within the Governate of Dhofar, the company said. Name: Today's Date: 1/18/2021 . EOG Resources has signed an Exploration and Production Sharing Agreement (EPSA) with the government of the Sultanate of Oman to explore for hydrocarbons in Block 36 in the southwest of the country.. EOG Resources has entered into an agreement to acquire Tethys Oil’s subsidiary, Tethys Oil Monstasar, in a deal that sees EOG receive Tethys 50% working interest in Block 49 onshore Oman. It engages in exploration, development, production and marketing of natural gas and crude oil originating in the Eagle Ford Shale and Barnett Shale in Texas and the Bakken formation in North Dakota. 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