Following the signing of the Exploration & Production Sharing Agreement (EPSA) for Block 52 (JuzorAl Hallaniyyat) on 14 November 2017, Eni signed an agreement with Qatar Petroleum (QP) by which the latter will receive a 30% interest in the block. The deal, for which no value was reported, is subject to government approval. Upon completion of the transaction Eni will remain the operator of the acreage with a 55% interest and will be partnered by QP (30%) and Oman Oil Co Exploration & Production LLC (OOCEP) (15%).<P />The block (90,760 sq km), which is located offshore of the southern third of Oman in water depths ranging between 10-3,000m, has been awarded following the country's 2016 Licensing Round and is largely unexplored. Only three wells have been drilled on the vast acreage so far. To date no discoveries have been made, however oil and/or gas shows have been reported in all three wells. It is understood that the JV is drawing up plans to carry out an exploration programme on the acreage, which will involve the acquisition and processing of 3D seismic as well as exploration drilling.
Oman, Block 52 (Juzor Al Hallaniyyat)