Exploring Natural Hydrogen in Oman: A Promising Venture for Rex International and Helios Aragon
Key Ideas
- Rex International Holding and Helios Aragon have initiated a joint study agreement to explore natural hydrogen in Oman, leveraging expertise from Spain and Europe.
- Oman is considered highly prospective for the discovery of commercial quantities of natural hydrogen due to its optimal geology, with multiple surface seeps of almost pure hydrogen.
- The global interest in natural hydrogen is increasing, with 40 companies actively searching for deposits worldwide, with ongoing exploratory efforts in various countries.
- Natural hydrogen offers a cost advantage over other hydrogen forms, being a potential gamechanger in the quest for cost-effective, low-carbon energy sources.
Rex International Holding and Helios Aragon have teamed up to investigate the potential of natural hydrogen in Oman. The joint study agreement aims to tap into Oman's geology, which is seen as favorable for large-scale hydrogen generation, with surface seeps containing high concentrations of hydrogen. Helios Aragon's expertise from their Monzon Natural Hydrogen Project in Spain will be combined with Rex International's decade-long operational experience in Oman to understand the hydrogen play system in the region. The goal is to produce clean, low-cost hydrogen to support the transition to a lower carbon future.
The global energy landscape is witnessing a surge in interest towards natural hydrogen, evident from the growing number of companies actively exploring for deposits. Rystad Energy's research highlights the cost advantage of natural hydrogen over other forms, making it an attractive option for sustainable energy production. The alliance between Rex International and Helios Aragon signifies a strategic move towards harnessing natural resources for cleaner energy solutions.
Rex International's subsidiary, Masirah Oil, holds a significant interest in an offshore concession in Oman, which adds to the company's strategic assets. On the other hand, Helios Aragon's focus on hydrogen and helium exploration in Spain demonstrates a commitment to innovative energy solutions.
Overall, the collaboration between these two entities reflects a positive outlook on the potential of natural hydrogen as a key player in the global energy transition, paving the way for sustainable and cost-effective energy sources.
Topics
Utilities
Climate Change
Research
Energy
Partnership
Exploration
Geology
Offshore Concession
Global Momentum
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