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Eni kicks off Oman’s first deepwater offshore well
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ITALIAN oil and gas major Eni, which has been operating in Oman since 2017, has started drill- ing what is reportedly the first-ever deepwater offshore exploration well in Oman’s waters.
According to media reports last week, Eni has started drilling Oman’s first deepwater offshore well.
Late last year Eni hired the Pacific Drill- ing-owned drillship, Pacific Bora, for one firm well in Oman. The duration of the well was esti- mated at 30 days. The contract included a $5 million mobilization fee and a $5 million demo- bilization fee and it provided for one option well.
Further, the contract was scheduled to start in February and end in March 2020 with a dayrate of $190,000. The 2010-built drillship also previ- ously worked for Eni offshore Nigeria at a dayrate of $150,000.
When it comes to Eni’s offshore presence in Oman, the company is the operator of Block 52, which is an underexplored area with hydrocar- bons potential located offshore in the southern region of Oman.
Block 52 has an area of approximately 90,000
sq km, with water depths ranging from 10 to over 3,000 meters.
The Government of the Sultanate of Oman, Oman Oil Company Exploration and Produc- tion (OOCEP), a subsidiary of state company Oman Oil Company SAOC (OOC), and Eni entered into an exploration and production shar- ing agreement for Block 52 back in November 2017. Eni holds a 55% stake in the block while its partners Qatar Petroleum and OOCEP hold a 30% and 15% stake, respectively.
Eni has started drilling a deepwater explora- tion well in Oman’s offshore Block 52 concession, in what is believed to be the country’s first deep- water well. .
Eni is operator of the 90K-plus sq. km Block 52 and owns a 55% stake.
Separately, Oman has awarded France’s Total and Thailand’s PTTEP rights to explore and develop non-associated gas deposits.
Oman, which currently produces ~3B cubic feet per day of gas, is ramping up exploration and undertaking multi-billion dollar projects to monetize the gas.™
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w w w. N E W S B A S E . c o m Week 08 26•February•2020