Tethys offers EOG 50% stake in Oman Block 49. The agreement is subject to government approval. Marketed: EOG Resources Stacked-Pay Delaware Basin Leasehold. 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. By Isha Makkar. 2019-08-28. 3.8 million acres). The block in question is in the Rub’ al Khali, or empty quarter, in Oman’s southwest. 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 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). 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. 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. 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.. Large-scale shale is the Holy Grail for oil prospector EOG Resources. To the terms and conditions above: I Agree I Do Not Agree. 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. Oman signs EPSA pact for Block 36 16-09-2020 11:50 PM 1954. 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. Oman’s Ministry of Energy and Minerals has signed a deal with the US’ EOG Resources for Block 36. Tethys Oil AB, through Tethys Oil Montasar Ltd., is the operator of the Block and holds 50 percent of the license interest. September 18, 2020 . Large-scale shale is the Holy Grail for oil prospector EOG Resources. 2019-08-05. 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. 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. The agreement is subject to government approval. EOG Resources, Inc. Common Stock (EOG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 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.. The official Oman News Agency reported the agreement. Oman has awarded Block 36 16-09-2020 11:50 PM 1954 the Block and holds 50 percent of Block. 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