Dolphin
energy signs mou with Oman Oil Company to supply natural gas to
Oman
Posted: 21 April 2004
Joint steering committee will decide commencement dates,
quantities and price
Dolphin Energy Limited signed a Memorandum of Understanding (MOU)
with Oman Oil Company, with a view to supply natural gas to the
Sultanate of Oman.
The MOU provides for the creation of a Joint Steering Committee
and Working Group to immediately negotiate Heads of Agreement (HOA)
and then a Gas Sales and Purchase Agreement (GSPA) within the next
12 months.
Details to be established by the Joint Steering Committee will
include the commencement dates for gas deliveries to Oman, gas quantities
and price.
Since January 2004, Dolphin Energy has been taking delivery of
natural gas from Oman, under a contract with Oman Oil Company which
provides for supply of an average 135 million cubic feet per day.
This is for Dolphin’s first energy initiative – to deliver
gas through its new Al Ain-Fujairah pipeline to the Qidfa power
and desalination plant of Union Water & Electricity Company
(UWEC) on the UAE East Coast.
The Omani gas is delivered at a purpose-built tie-in junction on
the Oman-UAE border near Al Ain. This junction was conceived and
constructed so that in future years the flow of gas from Oman to
the UAE could be reversed, if required – once Dolphin begins
to receive its own substantial quantities of gas from Qatar in 2006.
Dolphin Energy Limited
Dolphin Energy Limited was created to develop substantial energy
projects throughout the GCC. Its objective is to create long-term
economic wealth and new business opportunities for GCC citizens,
far into the future.
Dolphin Energy’s major strategic initiative, the Dolphin
Project, involves the production and processing of natural gas from
Qatar’s North Field, and transportation of the dry gas by
pipeline to the UAE, beginning in 2006.
Dolphin Energy’s first initiative, the Al Ain to Fujairah
Pipeline, came on stream in January 2004.The pipeline supplies the
Fujairah Water and Power Plant on the UAE’s East Coast –
initially with natural gas from Oman, and subsequently with Dolphin
gas from Qatar.
Dolphin Energy is owned 51 percent by Mubadala Development Company,
on behalf of the Government of Abu Dhabi – and 24.5 percent
each by Total of France and Occidental Petroleum of the USA.
For more information see www.dolphinenergy.com
Oman Oil Company
Oman Oil Company (OOC) is a commercial company 100 % owned by the
Government of the Sultanate of Oman. The company was created in
1992 to give the Government a vehicle for pursuing investment opportunities
in the energy sector both inside and outside Oman. Through participation
in energy and energy related projects, OOC plays a critical role
in the Sultanate's efforts to diversify the Omani economy and to
generate Omani and foreign private sector investment. In Oman, OOC
has interest in numerous projects that are either in operation,
under construction or under development including projects in gas
transmission, petroleum retailing, refining, petrochemicals and
aluminium smelting.
Posted by Richard Price,
Editor Pipeline Magazine
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