Petroleum Development Oman (PDO) and its subsidiary, along with Shell Development Oman (SDO), have entered into a contract for Seismic Acquisition in Block 11, representing a significant progression in Oman’s oil and gas industry. Pursuant to this agreement, SDO will acquire fully-processed seismic data for Block 11 in accordance with the Exploration and Production Sharing Agreement (EPSA). The contract, scheduled to continue until October 2024, was signed by Steve Phimister, Managing Director of PDO, and Walid Hadi, SVP Oman and Country Chair of SDO. Phimister expressed his satisfaction, stating, “We are delighted to enter into this new contract with Shell Development Oman, an esteemed partner in Oman’s oil and gas industry. This collaboration marks a substantial stride towards unlocking the full hydrocarbon reserve potential of Oman. Indeed, our association with SDO will enable us to build upon our previous regional triumphs and consistently deliver value to our stakeholders.”
Encompassing an expansive area of 2,900 square kilometers in the central region of Oman, Block 11 exhibits considerable potential for hydrocarbon reserves. Employing cutting-edge technologies such as high-resolution imaging and advanced data processing techniques, the seismic survey is aimed at identifying and evaluating promising hydrocarbon reserves. Walid Hadi, Shell’s Senior Vice President and Country Chairman in Oman, expressed his enthusiasm regarding the agreement, stating, “We are delighted to collaborate with PDO on this project, which embodies our shared dedication to the sustainable development of Oman’s oil and gas resources. We anticipate that the seismic acquisition and processing project will provide invaluable data to enhance our understanding of the geology and hydrocarbon potential of the block. With the collective expertise and capabilities of our partners TotalEnergies and OQ, we are confident in our ability to generate significant value for Oman.”