Oman’s Ministry of Energy and Minerals has awarded OQ Exploration and Production (OQEP) three petroleum concession agreements covering more than 30,000 square kilometres, in a solo award that expands the majority state-owned company’s domestic exploration footprint. The agreements, covering blocks 36, 43A and 66, were signed on September 26 by Energy and Minerals Minister Salim […]
OQ Exploration and Production (OQEP) has signed an agreement with Mitsui E&P Middle East (MEPME) to acquire a 35% non-operated participating interest in Block 27 to grow its upstream portfolio, OQEP announced on Wednesday. OQEP will pay a headline consideration of USD 74.9 million for the asset and take ownership of its share with an effective […]