DNO ASA, the Norwegian oil and gas operator, today announced that its subsidiary DNO Oman Block 8 Limited has relinquished operatorship and participation in Oman Block 8 to the Sultanate of Oman’s Ministry of Oil and Gas (MOG) and state-owned Oman Oil Company Exploration and Production LLC (OOCEP).
The decision to reduce service fee for patents, utility models and industrial designs for students, research centres and…187 Views | the publication reaches you by | Oman News
“Since inception, Block 8 has produced 35 MMbbl of oil and 285 Bcfg, generating the Sultanate of Oman about $1 billion in total revenues,” said DNO’s Managing Director Bjørn Dale during the handover ceremony.
Effective Jan. 4, 2019, with the expiry of the 30-year commercial term of the Exploration and Production Sharing Agreement, Block 8 will be operated by the Musandam Oil and Gas Company, fully-owned by OOCEP.
DNO held a 50% interest in the license alongside LG International, which held the remaining 50% interest.
The UK and Oman will open a new joint training base in the sultanate early next year. The…211 Views | the publication reaches you by | Oman News
Do you have information you want to reach our readers?
Oman is a country on the Arabian Peninsula. Oman’s official religion is Islam. The coast is formed by…