Oman’s OOG Looks for Partners for Developing New Refinery
Oman’s Overseas Oil and Gas LLC (OOG) is seeking new partners for developing a $15 billion new refinery in Bontang, East Kalimantan.
Oman’s Overseas Oil and Gas LLC (OOG) is seeking new partners for developing a $15 billion new refinery in Bontang, East Kalimantan.
The plant will have an expected production capacity of around 450,000 metric tonnes of calcined petroleum coke.
Local Omani oil and gas operator, Hydrocarbon Finder (HCF), discovered gas and condensate in its Block 7 concession in the western part of Wusta Governorate.
Petroleum Development Oman (PDO) plans to increase oil production to reach 670,000 b/d over the upcoming five years.
Oman’s natural gas production level is expected to exceed the country's oil level by 2030 because of the sultanate’s gas field developments.
Oman’s government has inked an EPSA with Occidental of Oman, a wholly owned subsidiary of Occidental Petroleum Corporation.
Under the announcement, blocks 58, 70, 73, 74, 75 and 76 will be tendered during the round.
BP and Eni signed a heads of agreement (HoA) with the Omani Ministry of Oil and Gas for more exploration opportunities in the country.
Saudi Arabia plans to expand the regional gas network especially after the increase in the Kingdom’s estimates of energy reserves.
Italy’s giant Eni and Oman Oil Company Exploration and Production won an Exploration and Production Sharing Agreement for block 47 in Oman.