Oman inks agreement with UK-based BP for renewable energy development

By Shilpa Annie Joseph, Desk Reporter
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Oman’s Ministry of Energy and Minerals and the British multinational oil and gas company BP have signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement to explore development of a multi-gigawatt renewable energy and green hydrogen hub by 2030.

As part of the agreement, BP will collect and evaluate solar and wind data from 8,000km2 of land, an area more than five times the size of Greater London.

“The evaluation will then support the Government of Oman in approving the future developments of renewable energy hubs at suitable locations within this area to take advantage of these resources,” the company said. The renewable energy resources could also supply renewable power for the development of green hydrogen, targeting both domestic and global export markets.

Under the SFA, BP and Oman will also consider ways to collaborate in several areas, including a renewables strategy, regulation, the establishment of a renewable energy hub, and the development and reskilling of the local workforce.

Bernard Looney
Bernard Looney
CEO – BP

“Today’s agreement represents what BP is able to offer as an integrated energy company. These projects will build on our gas business, and bring wind, solar and green hydrogen together in a distinctive and integrated way supporting Oman’s low carbon energy goals. And we’re not just investing in energy. We are investing in Oman to create and develop infrastructure, support local supply chains and cultivate the skills and talent needed to usher in this next generation of energy leaders.  We look forward to working closely with the Omani government to take this forward.”

His Excellency Dr. Mohammed Al Rumhy, Minister of Energy & Minerals of the Sultanate of Oman said that, “This is a proud moment for Oman and a significant step towards delivering our 2040 Vision. In partnership with BP, we will progress the development of new, world-class solar and wind resources – generating renewable power for the grid and powering the manufacture of green hydrogen to supply domestic demand and to export to global customers.”

“Over the past 50 years, we’ve advanced our hydrocarbon production. Today’s agreement signals the next step in our energy journey – unlocking the potential for Oman as a low-carbon energy hub,“ Dr. Al Rumhy added.

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