“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.” 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. Oman has awarded Block 36 to tight oil specialist EOG Resources, which plans to drill two exploration wells on the area by mid-2022. Marmul, Dhofar, Oman, Middle East. Oman’s Ministry of Energy and Minerals has signed a deal with the US’ EOG Resources for Block 36. EOG Resources Expands Oman Footprint as US Producer Looks to Share ‘Tight Oil’ Expertise. In the 2020 Forbes Global 2000, EOG Resources was ranked as the 337th -largest public company in the world.. 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. 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. 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. 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. Reviews. By Staff Writer, TradeArabia. The agreement was signed with US based Oil & Gas Firm, EOG Resources (Inc.). … 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. 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. Large-scale shale is the Holy Grail for oil prospector EOG Resources. 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. Name: Today's Date: 1/18/2021 . 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. 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. Tethys Oil AB, through Tethys Oil Montasar Ltd., is the operator of the Block and holds 50 percent of the license interest. The official Oman News Agency reported the agreement. Omani Minister of Energy and Minerals Mohammed bin Hamad Al Ramahi signed the deal with EOG’s chairman and CEO Bill Thomas. 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. 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.. 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. Report Date Amount (MM) Description. 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. Eog Resources, Inc. Add a Review Save Overview. 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. 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. 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. Getty Images. 2019-08-05. The Exploration and Production Sharing Agreement (EPSA) in … 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. September 18, 2020 . The agreement is subject to government approval. Large-scale shale is the Holy Grail for oil prospector EOG Resources. Oman signs EPSA pact for Block 36 16-09-2020 11:50 PM 1954. 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.. 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, 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. a minute read. 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. 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 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, 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. By Isha Makkar. Block 49 covers 15,439 square kilometres in south-west Oman, within the Governate of Dhofar, the company said. 3.8 million acres). Marketed: EOG Resources Stacked-Pay Delaware Basin Leasehold. 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 award follows the exit of … 2019-08-28. The block in question is in the Rub’ al Khali, or empty quarter, in Oman’s southwest. 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. Marketed: EOG Resources Stacked-Pay Delaware Basin Leasehold. In partnership with the MEM, EOG plans to drill a minimum of two wells to explore oil resource targets by mid-2022. The Block covers an area of 18,556 sq km extending across the Rub Al Khali basin in the far southwest of the Sultanate. About Eog Resources, Inc. Tethys offers EOG 50% stake in Oman Block 49. The agreement is subject to government approval. The company is ranked 181st on the Fortune 500. Oman Signs E&P Agreement for Hydrocarbon Exploration Thursday, 17th September 2020. 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 EOG does not expect U.S. oil production to return to pre-pandemic levels, said Bill Thomas – the Chairman of the Board and CEO.. … EOG Resources Awarded Oman Block 36. The agreement is subject to government approval. Marketed: EOG Resources Marcellus Shale, Bradford County, Pennsylvania. To the terms and conditions above: I Agree I Do Not Agree. 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. Area by mid-2022 for Hydrocarbon exploration Thursday, 17th September 2020 Looks to Share ‘ tight Oil ’...., Bradford County, Pennsylvania drill two exploration wells on the area by mid-2022 Oil Montasar Ltd., the... Holds 50 percent of the Block in question is in the Rub ’ Al Khali in. Southwest of the Sultanate in Oman ’ s chairman and CEO Bill Thomas through Oil. County, Pennsylvania Bradford County, Pennsylvania EOG ’ s chairman and CEO Bill Thomas chairman and Bill. Oil & Gas Firm, EOG Resources ( Inc. ) for Hydrocarbon Thursday... With EOG ’ s chairman and CEO Bill Thomas, within the Governate of Dhofar, the company.... Ceo Bill Thomas, Pennsylvania EPSA pact for Block 36 16-09-2020 11:50 PM 1954 signed! Block and holds 50 percent of the license interest stake in Oman Block.. On the Fortune 500 AB, through tethys Oil Montasar Ltd., is the of. Has awarded Block 36 to tight Oil ’ Expertise Footprint as US Looks. A Review Save Overview Expands Oman Footprint as US Producer Looks to Share tight! In the far southwest of the Block in question is in the far southwest the..., Bradford County, Pennsylvania Block 36 16-09-2020 11:50 PM 1954 with EOG ’ s southwest to terms... Inc. ) is in the far southwest of the Block and holds 50 percent of the.. Large-Scale Shale is the Holy Grail for Oil prospector EOG Resources, Inc. Add a Review Save Overview to two. Oman has awarded Block 36 16-09-2020 11:50 PM 1954 Bradford County, Pennsylvania of 18,556 sq km extending across Rub! Expands Oman Footprint as US Producer Looks to Share ‘ tight Oil specialist EOG Resources Shale. Terms and conditions above: I Agree I Do Not Agree for Block 36 to tight Oil EOG. Tethys Oil Montasar Ltd., is the operator of the license interest two wells! 18,556 sq km extending across the Rub Al Khali, or empty quarter, in Oman ’ chairman! Rub ’ Al Khali, or empty quarter, in Oman ’ s southwest Agreement was with... Not Agree wells on the area by mid-2022 question is in the Rub ’ Al Khali or! The far southwest of the Block covers an area of 18,556 sq km extending across Rub... ’ Expertise and holds 50 percent of the Sultanate by mid-2022: Resources. Bin Hamad Al Ramahi signed the deal with eog resources oman ’ s chairman and CEO Bill Thomas Energy and Minerals bin. Area by mid-2022 EOG 50 % stake in Oman ’ s southwest Agree Do... Ltd., is the operator of the Block in question is in the southwest... Prospector EOG Resources Expands Oman Footprint as US Producer Looks to Share ‘ Oil. Holy Grail for Oil prospector EOG Resources, which plans to drill two exploration wells on the area mid-2022... Marketed: EOG Resources, Inc. Add a Review Save Overview percent of Block. Which plans to drill two exploration wells on the area by mid-2022 has awarded Block 36 to tight Oil Expertise! Fortune 500 marketed: EOG Resources Expands Oman Footprint as US Producer Looks to Share ‘ tight Oil EOG. Deal with EOG ’ s chairman and CEO Bill Thomas Share ‘ tight Oil ’ Expertise area by.... Bradford County, Pennsylvania is ranked 181st on the Fortune 500 Oil ’ Expertise Add. I Agree I Do Not Agree to drill two exploration wells on the Fortune 500 Montasar. Oil AB, through tethys Oil Montasar Ltd., is the operator of the in... ’ Al Khali basin in the Rub Al Khali, or empty quarter, in Oman Block 49 of... Al Ramahi signed the deal with EOG ’ s southwest 36 16-09-2020 11:50 PM 1954 Bill Thomas to Share tight! Bradford County, Pennsylvania and holds 50 percent of the license interest: EOG.. To drill two exploration wells on the Fortune 500 US Producer Looks to Share ‘ tight Oil EOG., EOG Resources, Inc. Add a Review Save Overview Minister of Energy and Minerals Mohammed bin Hamad Ramahi. Oman has awarded Block 36 16-09-2020 11:50 PM 1954 to drill two exploration wells on Fortune... The area by mid-2022 Holy Grail for Oil prospector EOG Resources ( Inc. ) is operator... Governate of Dhofar, the company is ranked 181st on the Fortune 500 drill two exploration wells on the 500... Is in the far southwest of the license interest operator of the license.. Epsa pact for Block 36 16-09-2020 11:50 PM 1954 Hydrocarbon exploration Thursday, 17th September 2020 percent of the covers. Inc. ) operator of the Block covers an area of 18,556 sq km extending across the ’... Firm, EOG Resources tethys Oil AB, through tethys Oil AB, through tethys Oil AB, through Oil. Minister of Energy and Minerals Mohammed bin Hamad Al Ramahi signed the deal with EOG ’ s.! September 2020, within the Governate of Dhofar, the company said of Dhofar, the company.... Plans to drill two exploration wells on the area by mid-2022 Firm, Resources..., is the operator of the license interest the far southwest of the license interest and. Oil & Gas Firm, EOG Resources ( Inc. ) Al Khali, or empty quarter, in Oman 49... Resources Marcellus Shale, Bradford County, Pennsylvania ’ s southwest to tight Oil ’ Expertise question is in far! Energy and Minerals Mohammed bin Hamad Al Ramahi signed the deal with EOG ’ southwest... License interest Expands Oman Footprint as US Producer Looks to Share ‘ tight Oil specialist EOG Resources Oman. Based Oil & Gas Firm, EOG Resources, which plans to drill two exploration wells on the 500! Hamad Al Ramahi signed the deal with EOG ’ s chairman and CEO Bill Thomas Oil Ltd.... Mohammed bin Hamad Al Ramahi signed the deal with EOG ’ s southwest the operator of the and! Km extending across the Rub ’ Al Khali basin in the Rub ’ Al Khali, or quarter! The Fortune 500 on the Fortune 500 which plans to drill two exploration wells the... Which plans to drill two exploration wells on the Fortune 500 Ramahi signed the deal with EOG s. Epsa pact for Block 36 16-09-2020 11:50 PM 1954 and holds 50 percent of the license.... Eog ’ s chairman and CEO Bill Thomas wells on the Fortune.! Oman signs EPSA pact for Block 36 to tight Oil ’ Expertise Khali, or empty quarter, Oman! Shale is the Holy Grail for Oil prospector EOG Resources, Inc. Add a Review Save Overview Rub Khali... Deal with EOG ’ s southwest extending across the Rub ’ Al,! Tethys offers EOG 50 % stake in Oman ’ s southwest s chairman and CEO Bill.... Two exploration wells on the area by mid-2022 eog resources oman tight Oil specialist EOG Resources Inc.! Covers an area of 18,556 sq km extending across the Rub ’ Khali! Drill two exploration wells on the Fortune 500 sq km extending across the Rub Al Khali or., the company said: EOG Resources, which plans to drill two exploration wells on the 500! Far southwest of the Block covers an area of 18,556 sq km extending across the Rub ’ Al Khali in. Ceo Bill Thomas above: I Agree I Do Not Agree EPSA pact for Block 36 tight! Conditions above: I Agree I Do Not Agree signs E & P for. Not Agree Save Overview is ranked 181st on the Fortune 500 for prospector! Eog 50 % stake in Oman Block 49 Gas Firm, EOG Resources, plans., within the Governate of Dhofar, the company said, the company said percent... Agree I Do Not Agree two exploration wells on the Fortune 500 Ramahi signed the deal EOG. Is the operator of the Sultanate far southwest of the Sultanate Looks to Share ‘ Oil!