eog resources oman

The Exploration and Production Sharing Agreement (EPSA) in … When applying for a job at EOG Resources, our professional resume writers recommend that your resume use key words such as “inventive” and “innovative” to improve your chances of getting noticed. Large-scale shale is the Holy Grail for oil prospector EOG Resources. Block 49 covers 15,439 square kilometres in south-west Oman, within the Governate of Dhofar, the company said. Omani Minister of Energy and Minerals Mohammed bin Hamad Al Ramahi signed the deal with EOG’s chairman and CEO Bill Thomas. In partnership with the MEM, EOG plans to drill a minimum of two wells to explore oil resource targets by mid-2022. U.S.-based independent EOG Resources Ltd. has entered into an agreement with a wholly-owned subsidiary of Stockholm-headquartered Tethys Oil AB to acquire a 50% working interest in Block 49 located onshore in the Rub al Khali basin in Oman. 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. To the terms and conditions above: I Agree I Do Not Agree. By Staff Writer, TradeArabia. Name: Today's Date: 1/18/2021 . 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 Inc. is staking claims in Oman as it looks to broaden its operations in a lower cost theater of operations that the Houston-based E&P believes are necessary for profitability. Upon written request by me, within a reasonable period of time, EOG Resources, Inc. will make available to me the nature and scope of all reports of every type obtained. Reviews. 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. Marketed: EOG Resources Stacked-Pay Delaware Basin Leasehold. Tethys offers EOG 50% stake in Oman Block 49. September 18, 2020 . 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. EOG Resources, Inc. Common Stock (EOG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. … 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. The award follows the exit of … The company is ranked 181st on the Fortune 500. 3.8 million acres). Oman has awarded Block 36 to tight oil specialist EOG Resources, which plans to drill two exploration wells on the area by mid-2022. Block 36 is being acquired by EOG in a transaction with Apex Oman (Block 36), and encompasses 4.6 million acres of the Rub Al Khali Basin located in the southwest area of the Sultanate. In the 2020 Forbes Global 2000, EOG Resources was ranked as the 337th -largest public company in the world.. 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. 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. The Block covers an area of 18,556 sq km extending across the Rub Al Khali basin in the far southwest of the Sultanate. The block in question is in the Rub’ al Khali, or empty quarter, in Oman’s southwest. Report Date Amount (MM) Description. 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. EOG Resources Expands Oman Footprint as US Producer Looks to Share ‘Tight Oil’ Expertise. a minute read. About Eog Resources, Inc. Tethys Oil, through its wholly owned subsidiary Tethys Oil Montasar, has entered into an agreement with EOG Resources Oman Block 49, a wholly owned subsidiary of EOG Resources, for EOG to obtain a 50 percent interest in the Exploration and Production Sharing Agreement ('EPSA') covering Block 49 onshore Oman which comprises 15,439 sq km (approx. Print Muscat, Sep 16 (ONA) – An Exploration and Production Sharing Agreement was signed at the Ministry of Energy and Minerals today granting EOG Resources (Inc.) of the United States the rights to explore for hydrocarbons in Block 36 in the southwest of the Sultanate. The agreement is subject to government approval. Marketed: EOG Resources Marcellus Shale, Bradford County, Pennsylvania. EOG Resources, Inc. values your privacy. 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. The agreement is subject to government approval. EOG Resources has entered into an agreement with Tethys Oil’s subsidiary, Tethys Oil Monstasar, that sees EOG receive Tethys 50% working interest in Block 49 onshore Oman, according to the Oman Observer.. 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. 2019-08-05. 2019-08-28. 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. Report Date Amount (MM) Description. Tethys Oil AB, through Tethys Oil Montasar Ltd., is the operator of the Block and holds 50 percent of the license interest. 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. Marketed: EOG Resources Stacked-Pay Delaware Basin Leasehold. Eog Resources, Inc. Add a Review Save Overview. 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. EOG Resources is taking a 50% stake in a large onshore block in Oman after agreeing a farm-in deal with Swedish player Tethys Oil. 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. Oman Signs E&P Agreement for Hydrocarbon Exploration Thursday, 17th September 2020. Oman’s Ministry of Energy and Minerals has signed a deal with the US’ EOG Resources for Block 36. 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 official Oman News Agency reported the agreement. The agreement was signed with US based Oil & Gas Firm, EOG Resources (Inc.). Large-scale shale is the Holy Grail for oil prospector EOG Resources. EOG Resources, Inc. is an American energy company engaged in hydrocarbon exploration.It is organized in Delaware and headquartered in the Heritage Plaza building in Houston, Texas.. The agreement is subject to government approval. EOG joins Canada’s Apex, which has been the sole player at the block since Norway’s DNO exited in 2017 after drilling a duster in 2016 (MEES, 16 March 2018). 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.. 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. “This agreement expands EOG’s footprint in Oman which also includes Block 36, and provides us with an attractive opportunity to explore a basin with significant potential upside for the company.” 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. Oman signs EPSA pact for Block 36 16-09-2020 11:50 PM 1954. 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