Tethys Oil signs farm-out deal with EOG for Block 49 in Oman

first_imgCovering an area of 15,439 km2, the block was awarded to Tethys Oil in 2017 Block 49 is in the South West of the Sultanate of Oman. (Credit: John R Perry from Pixabay) Swedish oil company Tethys Oil has signed a farm-out agreement with EOG Resources’ wholly owned subsidiary EOG Resources Oman Block 49 for the onshore Block 49 in Oman.Under the terms of the agreement, EOG Resources will acquire a 50% stake in the onshore block from Tethys Oil’s wholly owned subsidiary Tethys Oil Montasar.Covering an area of 15,439 km2, the Block 49 is in the South West of the Sultanate of Oman. The block was awarded to Tethys Oil in 2017.As per the terms of the deal, EOG will gain access to the 2D seismic grids and recently acquired 2D and 3D seismic surveys, nine exploration wells as well as the additional geotechnical studies and reports.As consideration for the stake and data, the company will refund all costs incurred on the Block and fund the Thameen-1 exploration well, with total amount of $15m.Expected to spud in mid-December 2020, the well will be drilled to a depth of close to 4,000 meters to evaluate three potential reservoir targets.Tethys Oil to retain a 15% stake in the onshore blockTethys Oil will remain as the operator for the first exploration period that includes the drilling of the Thameen-1 well and would also retain a 15% stake if EOG exercises its option.EOG will have the option to increase its stake to 85% and to take over the operations of the block if all the commitments for the first period have been satisfied.EOG Resources chairman and CEO William R. “Bill” Thomas said: “We are excited to partner with Tethys to evaluate an oil-rich basin for both conventional and unconventional potential.“This agreement expands EOG’s footprint in Oman which also includes Block 36, and provides us with an attractive opportunity to explore a basin with significant potential upside for the company.”In July this year, Tethys Oil has signed an exploration and production sharing agreement (EPSA) with the Government of the Sultanate of Oman for the onshore Block 58 in Oman.last_img read more

The spectacle of Ghungroo

first_imgBackstage at the Agassiz Theatre’s Horner Room, costumed performers gathered for last-minute rehearsals. One group of dancers sang their own soundtrack, as another followed a faint beat from laptop speakers. A performer whipped out a neon vest, and his squad, clad in gold spandex, followed him into the room. In one corner, a flutist practiced; in another, a host’s turquoise dress was wrapped slowly around her. Two masters of ceremonies practiced their routine. “It’s three hours of overly done clichés about South Asia,” one quipped. “Well, when you put it that way, this is a Bollywood movie,” shouted the other.The scenes on Thursday were from the opening night of Ghungroo, a celebration of South Asian dance, music, and heritage — and the largest student-run production on campus.For audience members, Ghungroo means flashing colors and a soundtrack that integrates the stylings of Bhangra with Rihanna. But with 400 undergraduates involved, the performances, which ran through Saturday, also are a tremendous feat of coordination. Ghungroo is the only show on campus too big for the building in which it is held — only 110 performers fit in the Horner Room — so a flurry of coordinators with microphones must shepherd groups from holding area to holding area as they prepare to take the stage.Across the street in the basement of the First Church in Cambridge, performers in later acts arrived, changed, and warmed up. There, Vinay Iyengar ’18 had set up a live feed from the theater to coordinate when the next mass of dancers should be shepherded across Mason Street to Agassiz. “It’s sort of like a conveyer belt from here to the two rooms inside the Ag,” he said, both harried and exhilarated by the buzzing microphone and the green-gold costumes flying by.The coordination begins long before opening night. The South Asian Association books the theater, paints the set, recruits choreographers, assembles programs, auditions and orders the acts. This year, with 300 applications, the association selected 150 dancers to appear in everything from “Dandiya Raas,” a folk dance from Gujarat, India, to “Fusion,” which the program bills as “Chicken Tikka Masala — not quite purely found in South Asia, but a sumptuous meal that leaves you ready for more.”If there’s one thing in the cultural mix that defines Ghungroo, it’s the senior dance. A rite of passage for some, a bucket-list item for most, the number lasts for 25 minutes. It includes nine sections and 140 participants, many of whom have never danced before in college productions, and even more of whom have never studied the South Asian-inspired stylings featured in Ghungroo. The only qualifications are zeal and proficiency with online sign-ups.“We’re not technique-oriented,” explained Radhika Rastogi ’15, the dance director. “We’re not out to impress the audience. It’s always more about energy and enthusiasm.” Her main concern ― moving dancers on- and offstage without anyone falling from the platform — did nothing to displace her joyous grin. Indeed, it was hard to spot a single case of backstage nerves in any of the holding areas. Ghungroo, a choreographer said, is a performance for performers, not the audience, and the euphoria of that shows.Audience members are not left behind, though, particularly when it comes to seniors. Opening night is also “senior night,” and a section of Agassiz was reserved for the Class of 2015. It was wasted effort, though. Seating and tickets became increasingly flexible as the night progressed. At first, a few performers lurked behind the balcony seats to watch their friends. By the end of the night, a constant stream of seniors and dancers surged in and out to catch their roommates and friends in action. A venue manager recounted how last year she had barred 12 seniors sneaking in, only to catch them trying to sprint up the stairs when she looked away. She gave up when they slipped in a third time.Back in the Horner Room, the energy of the senior dance was picking up, the conveyer belt running full-throttle. Sets of jingling dancers returned from the stage, squealing delightedly, just as new groups arrived from the church. Underclassmen had to depart at this point; there simply was not enough room for everyone. Someone peeked in to blow his friend a kiss. A student in athletic shorts followed; after a workout, he’d arrived two hours late to catch the last 15 minutes of the show. “This is what I came here for,” someone said. “This is the most important part of my night.”Two leaders stood on a riser with signs hushing the backstage performers and announcing the next section to go on, but their written words carried little conviction. Venue managers had joined the whooping seniors in the balcony, and the strict coordination deteriorated as the night came to a close. After three hours of manning the conveyer belt, the directors were ready for flashing colors and Bhangra-Rihanna. They need not have worried; no one seemed to be falling off the stage.Colton Valentine ’16 is a literature concentrator.last_img read more

Freshmen impress in early matchups

first_imgBrittney Dolgner and the Badgers will take on UW-Green Bay before beginning Big Ten play next week.[/media-credit]Wisconsin volleyball coach Pete Waite highlighted the team’s progression despite its 4-4 record during his news conference Monday afternoon. The team has a fairly tough schedule this year, which Waite notes as an attribute to promoting team growth and development. Waite said that if the team had easy teams on the schedule there would not be any room for improvement even if it were winning.“It is a challenge for us,” Waite said. “We want to make sure everything is positive for the players right now. It is easy to get down on themselves since they are used to being a winning program all of the time. But if they are making improvements, that’s the thing we’re excited about.”Among the keys for the team to improve upon, Waite called for a consistent high level of play as a determining factor for the team’s success. Last week’s match against Notre Dame was a key example of the team’s ability to start off strong, but inability to maintain its competitiveness throughout the entire match.Notre Dame (4-3) is a strong team that has already knocked off Stanford, a team that reached the semifinals in last year’s NCAA Tournament. The Badgers finished second in the Notre Dame Invitational last week, with senior Brittney Dolgner and sophomore Elle Ohlander being selected to the all-tournament team.However, Waite was especially proud of the team’s match against Oregon State on Sept. 6, during which the Badgers pushed the match to five sets and beat a high-caliber team on its own court.“Bit by bit we’re finding out where people are going to be on the court and they’re getting more used to each other and especially when we were at Oregon State last week,” Waite said. “We played a high level, beat a very good team on their home court and we saw that sustained for five sets. And again, that was a long match and they did a great job, so we’re seeing some great signs.”Badgers set for Big Ten playThe team is seeking its first winning streak of the season as it prepares for its match against UW-Green Bay Wednesday. After that, the Wisconsin volleyball team will take a much-needed week of practice to rest up and work on technique improvement before moving into their Big Ten schedule when the Badgers face Iowa on Sept. 23.After finishing with a 7-13 record in conference play last year, Waite has even higher regard for the Big Ten this season.“We know the Big Ten is even stronger this year than it was last year,” Waite said. “It is deeper than it ever has been.”Waite called attention to the 6-foot-6-inch Ohlander as a middle blocker who has stepped out of the midst of the others on the team. He also acknowledged setter Janelle Gabrielsen for her athletic ability to adjust to the single setter formation despite having no prior experience in that system.“Elle Ohlander in the middle is stepping up,” Waite said. “We knew there were about four middles that were very close, but she’s really been the one stepping up to be the most consistent.”Freshmen adjusting quicklyWaite drew attention to the strong play of the freshmen that have adjusted quickly to the pace of the college game. Kelsey Maloney, Alexis Mitchell and Mary Ording are all freshmen who have been learning the middle blocker position.Waite emphasizes the importance of their ability to improve their blocking techniques as the season progresses.“[The freshmen need] to react and not guess on sets where the setter is going front or back,” Waite said. “As soon as they start reading more instead of guessing, they’re going to be there faster and do a better job with that.”The freshmen are learning quickly as the team recorded a record 10 blocks in its 3-0 win over New Mexico State on Sept. 12. Waite was pleased with the Badgers’ ability to respond to a tough loss against Notre Dame and improve from it.“Some kids improved and that’s really what we’re trying to do is teach them from match to match to change some things and be better players,” Waite said.last_img read more

Bayern Munich agree to sign Leroy Sane on five-year deal – report

first_imgShare on: WhatsApp FILE PHOTO: Leroy Sane A transfer fee around 100 million euros had been reported last summer when Bayern were trying to sign him before injury struck.According to Sport Bild, a few factors could help Bayern sign Sane for a lower fee, especially as he has been sidelined for most of the season.Bayern could sign him for the price they want as the transfer market is deflated by the uncertainty over the coronavirus with all major European leagues currently suspended.Manchester City need to generate income from transfers to comply with financial fair-play regulations having been banned from the Champions League for the next two seasons due to violations and they risk losing Sane to Munich on a free transfer.center_img Berlin, Germany | AFP | Reigning Bundesliga champions Bayern Munich have reportedly agreed a transfer with Manchester City winger Leroy Sane on a five-year deal, according to a report.Sport Bild claim the 24-year-old has agreed terms with Bayern, but the fee is still to be negotiated.According to the magazine, Bayern’s director of sport Hasan Salihamidzic and board member Oliver Kahn want to pay 40 million euros ($43 million) – half of Sane’s estimated market value.However, the Germany international has not played for City’s first team since tearing his right knee ligament last August in the FA Community Shield match win over Liverpool at Wembley.Having joined from Schalke in 2016 for a reported fee of £37 million (42.5 million euros, $45.8 million), Sane is under contract in Manchester until 2021.last_img read more