TTE

By Giulia Petroni

TotalEnergies SE said gas production at the Mabrouk North-East field in Oman has started and that it has signed a long-term agreement with Oman LNG LLC to purchase liquefied natural gas.

The French oil-and-gas major on Friday said gas production in onshore Block 10 at the field is expected to reach 500 million standard cubic feet a day by mid 2024. The produced gas is set to supply both local industry and LNG export facilities in Oman.

Shell PLC is the operator of the block with a 53.45% holding. TotalEnergies holds a 26.55% interest in the block, while Oman's state energy company OQ has the remaining 20% interest.

TotalEnergies also said it signed a deal with Oman LNG to buy 800,000 metric tons of LNG a year over a period of 10 years starting from 2025. The aim is to reinforce its portfolio to address both the European and Asian markets, it said.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

January 20, 2023 06:02 ET (11:02 GMT)

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