BP, Eni Team Up In Pursuit Of Exploration Opportunity In Oman

BP and Eni have signed a heads of agreement with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly toward a significant new exploration opportunity in Oman, BP said in a news release Jan. 14.

Under the agreement, the two companies will work with the government of Oman toward the award of a new exploration and production-sharing agreement (EPSA) for Block 77 in central Oman, the release said. BP and Eni will now enter discussions with the ministry to finalize details of the EPSA.