EOG Resources, Inc. values your privacy. 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. The agreement is subject to government approval. 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. 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. Marketed: EOG Resources Stacked-Pay Delaware Basin Leasehold. Eog Resources, Inc. Add a Review Save Overview. 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 . Oman signs EPSA pact for Block 36 16-09-2020 11:50 PM 1954. EOG Resources, Inc. Common Stock (EOG) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 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. Reviews. 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). 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. 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 agreement is subject to government approval. 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. Report Date Amount (MM) Description. Oman has awarded Block 36 to tight oil specialist EOG Resources, which plans to drill two exploration wells on the area by mid-2022. 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. 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.. Getty Images. EOG Resources Awarded Oman Block 36. Marketed: EOG Resources Marcellus Shale, Bradford County, Pennsylvania. 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.. … Block 49 covers 15,439 square kilometres in south-west Oman, within the Governate of Dhofar, the company said. 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. To the terms and conditions above: I Agree I Do Not Agree. 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. Omani Minister of Energy and Minerals Mohammed bin Hamad Al Ramahi signed the deal with EOG’s chairman and CEO Bill Thomas. Large-scale shale is the Holy Grail for oil prospector EOG Resources. Oman Signs E&P Agreement for Hydrocarbon Exploration Thursday, 17th September 2020. “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.” 2019-08-05. 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. 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. In the 2020 Forbes Global 2000, EOG Resources was ranked as the 337th -largest public company in the world.. … Report Date Amount (MM) Description. The block in question is in the Rub’ al Khali, or empty quarter, in Oman’s southwest. The agreement was signed with US based Oil & Gas Firm, EOG Resources (Inc.). In partnership with the MEM, EOG plans to drill a minimum of two wells to explore oil resource targets by mid-2022. 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. 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. 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. The award follows the exit of … The agreement is subject to government approval. 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. 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.. 3.8 million acres). Marketed: EOG Resources Stacked-Pay Delaware Basin Leasehold. 2019-08-28. 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. 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. The Exploration and Production Sharing Agreement (EPSA) in … a minute read. By Staff Writer, TradeArabia. 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. The Block covers an area of 18,556 sq km extending across the Rub Al Khali basin in the far southwest of the Sultanate. By Isha Makkar. 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. 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. 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. 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. September 18, 2020 . Tethys Oil AB, through Tethys Oil Montasar Ltd., is the operator of the Block and holds 50 percent of the license interest. The company is ranked 181st on the Fortune 500. 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. About Eog Resources, Inc. Tethys offers EOG 50% stake in Oman Block 49. 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