HANSE OIL Signed Agreement with Oman

Singapore, 11/07/2019

MUSCAT, Sultanate of Oman – HANSE OIL Consortium on 11/07/2019 signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards some significant Processing Agreements with Oman.

Under the HoA, the Consortium will work with the Government of Oman towards the award of a new exploration and production sharing agreement (EPSA). The HANSE OIL Consortium will now enter discussions with the Ministry to finalize details of the EPSA.