On 14 January 2019, Eni SpA announced that it has entered into a Head of Agreement (HoA) with BP plc and the Ministry of Oil and Gas (MOG) for the acquisition of exploration and production rights for a newly created Block 77 (precise details yet to be announced by the MOG), a 3,100 sq km area, 30 km to the east of Block 61 (Khazzan-Makarem Gas Field). Eni Oman (a wholly owned subsidiary of Eni SpA) will act as operator during the exploration phase and both companies will take a 50% share. According to Eni, the agreement along with the signing for Block 47 ârepresents a further step in Eniâs strategy to reinforce its presence in the Sultanate of Oman and strengthen the collaboration with OOCEP, which is Eniâs partner in Block 52â.
Eni (50% acting as operator during the exploration phase) and BP (50%) signed with Omanâs Ministry of Oil & Gas an agreement that sets up the principles for the acquisition of the exploration and production rights of Block 77 onshore (3100kmÂ²) (precise details yet to be announced by the MOG), 30 km to the east of Block 61 (Khazzan-Makarem Gas Field). 