A Locke Lord team led by Kevin Atkins and Matt Daffurn (both of London) represented Tethys Oil in negotiations with EOG Resources Oman Block 49 Limited, a wholly owned subsidiary of EOG Resources, Inc., for EOG to obtain a 50 percent interest in the Exploration and Production Sharing Agreement covering Block 49, onshore Oman. Under the farmout arrangements, Tethys and EOG will partner in the future to pursue both conventional and unconventional resources in the oil-rich basin, which is comprised of 15,439 km2 (approximately 3.8 million acres). The farmout is subject to customary government approvals. For more information, see the press release.
Posted on November 12, 2020