Majan Energy wins ESPA contract for ultra-heavy oilfield in Oman ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Majan Energy wins ESPA contract for ultra-heavy oilfield in Oman
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 12
An exploration and production sharing agreement (ESPA) has been inked between Oman’s Ministry of Energy and Minerals and Majan Energy. The deal provides the latter concessions to develop Block 71, which comprises some 282sqkm. As per the terms of the deal, Majan Energy will conduct geological and geophysical studies, drill appraisal and pilot wells and use enhanced oil recovery (EOR) to evaluate and produce the ultra-heavy crude in the Habhab field. According to a statement by the Oman News Agency (ONA), the agreement was signed on behalf of the government by Dr Mohammed Hamad al-Rumhy, Minister of Energy and Minerals (MEM), and Eyhab al-Haj, chairman of Majan Energy. Dr Salman Mohammed Al-S

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