Page 14 - MEOG Week 02 2023

MEOG NEWS IN BRIEF MEOG

capabilities and modern technologies in pioneering company in the alternative energy carrying out corrective measures on wells
the fields of energy with our partners in the sector and entertains great technical and is the balanced depletion of production
sector.†practical experience that would directly help formations and exerting efforts to minimize
Additionally, Oman LNG LLC and Shell in developing all phases of the project. formation abandonment with the aim of
International Trading Middle East FZE Al Jamali explained that the GEO Project optimal production.â€
announced the signing of a term sheet for the is one of the best specialized projects that seek He added that in order to cut the inter-
offtake of 0.8 million tonne per annum (mtpa) to provide the necessary green energy sources layer relations and make the well productive,
of Liquefied Natural Gas from Oman LNG, to meet the increasing global demand on several operations, including blocking the
for ten years starting from 2025. carbon-free fuel. relation intervals of the lower water-logged
Such step marks another milestone in the Walid Hadi said, “We are pleased to layers, as well as perforation of the new
history of Oman LNG, where it complements sign these important agreements that will intervals, were planned and carried out on
the company’s strive to extend its contracts strengthen our partnership with the Sultanate well No. 30 of Nar Gas Field.
Beyond 2024, with a strong interest to leverage of Oman. This will be Shell’s first long-term The Head of Petroleum Engineering of
partnership with various firms around the LNG offtake from Oman and the agreement the South Zagros Oil and Gas Production
world. supports continued production from Oman Company further stated that well and field
This commitment ensures Oman LNG LNG into the 2030s. We’re proud of the production studies and carrying out these
will maintain its strong position in the global contribution we have made to the success measures, which were started with the aim of
LNG market and contribute to global energy of the venture to date and pleased to be continuing to deplete gas of the lower layers
security, delivering clean and reliable energy. deepening our relationship.†of the Nar reservoir, took over a period of 25
Hamed Al Nu’amani, CEO of Oman He added: “With our entry to the Green people/days.
LNG, said: “We are delighted to sign Energy Oman (GEO) consortium, we are Nar Gas Field is one of the most important
this term-sheet agreement with Shell, who taking a further step to advance lower and gas fields of South Zagros Oil and Gas
has been our partner in the industry for zero emissions energy projects in Oman. The Production Company, which is located in the
many years. This agreement leverages the project remains in its early phase, but this is a Nar and Kangan operational district in the
opportunities to place Oman LNG in a very sign of the potential we see for Oman through vicinity of Jam city, the southern province of
competitive market, with strong partners the energy transition. We also look forward to Bushehr.
allowing us to grow our market access.†working together with the Ministry of Energy SHANA
Further, OQ and Shell International signed and Minerals to explore the sustainable
a Partnership Agreement for Developing development of the first integrated Liquefied
Green Hydrogen in Oman after acquiring a Synthetic Gas (LSG) value chain.†SERVICES
35% shareholding interest in Green Energy TIMES OF OMAN
Oman (GEO) project. Borouge secures 2 new
The project is expected to be developed in Gas output of Nar field up
multiple phases to produce at full capacity, deals worth $15mln
around 1.8 million tonnes of green hydrogen. by 300,000cm
This agreement was signed by Najla Zuhair Abu Dhabi-based petrochemicals company
Al Jamali, CEO of Alternative Energy at OQ The head of petroleum engineering of the Borouge has secured two new contracts with
and Walid Hadi, Senior Vice President and South Zagros Oil and Gas Production a combined value of AED 55 million ($15
Country Chair of Shell Oman. Company underlined the restoration million).
Najla Zuhair Al Jamali, CEO of Alternative operations on a well in the Nar gas field, The deals will be for the supply of
Energy at OQ, said: “The entry of Shell to this announcing an increase of 300,000 cubic polyolefins to Ducab, one of the country’s
vital project constitutes a qualitative step that meters per day in the field’s production largest industrial manufacturing firms, and
will enable the consortium to benefit from capacity. Union Pipes Industry (UPI), a pipe maker
their advanced global expertise in this field. According to Central Iranian Oil Fields also based in the UAE.
This will surely contribute to achieving the Company, Hassan Nemat Elahi said: “One “Both companies will use Borouge
desired objectives of the project. Shell is a of the company’s policies in planning and materials to produce energy and

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