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 […]
Muscat-listed OQ Exploration & Production (OQEP) has signed four contracts worth more than USD 54 million with Omani companies and SMEs to support operations in its concession areas, the company said at the Oman Petroleum & Energy Show 2025.
TotalEnergies and OQ Exploration and Production have broken ground on the Marsa LNG plant in Oman, one year after reaching final investment decision on the project.
The 1 million ton per annum (MMtpa) liquefaction plant is being built by Marsa LNG LLC, a joint company between TotalEnergies (80%) and OQEP (20%). The LNG production, which is expected to start in the first quarter of 2028, is primarily intended to serve the marine fuel market (LNG bunkering) in the Gulf.