Barely one month after announcing its entry into Oman upstream (MEES, 25 September), Houston-based EOG Resources is making its second foray into the sultanate, this week taking 50% of Tethys Oil’s Block 49, which is located next to EOG’s recently-acquired Block 36 in the south west of the country (see map).
Tethys acquired Block 49 in 2017 (MEES, 24 November 2017), shooting 253km² of 3D and 299km2 of 2D seismic the following year. The initial three year exploration period was recently extended by one year to December 2021. (CONTINUED - 709 WORDS)
