bp and Oman form partnership to progress renewable energy and hydrogen development
bp and Oman have signed an agreement to develop renewable energy and green hydrogen development in the Middle East county.
The Ministry of Energy and Minerals backed the Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development in Oman by 2030.
As part of the agreement, bp will capture 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 renewable energy resources could also supply renewable power for the development of green hydrogen, targeting both domestic and global export markets.
This partnership represents a significant evolution of bp’s business in Oman and is aligned with bp’s strategy, which includes rapidly growing our developed renewable generating capacity and to take early positions in hydrogen.
bp chief executive Bernard Looney said: “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.”
The Ministry of Energy and Minerals backed the Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development in Oman by 2030.
As part of the agreement, bp will capture 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 renewable energy resources could also supply renewable power for the development of green hydrogen, targeting both domestic and global export markets.
This partnership represents a significant evolution of bp’s business in Oman and is aligned with bp’s strategy, which includes rapidly growing our developed renewable generating capacity and to take early positions in hydrogen.
bp chief executive Bernard Looney said: “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.”
