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OQEP awarded three exploration blocks in Oman

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 […]

OQEP buys Mitsui stake in Oman’s Block 27

 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 […]