Acquisitions and Divestitures News in Oman
| 10/9/2024 - The Ministry of Energy and Minerals announced the inkpacting of 2 concession agreements for the development of Concession Areas 11-A and 51-F, as part of its efforts to enhance the minerals industry. ... |
| 10/8/2024 - The Ministry of Energy and Minerals announced the launch of a new package of oil and gas concession areas during the International Conference and Exhibition of the American Association of Petroleum Ge... |
| 7/31/2024 - DEME and OQ recently reached an agreement to have bp as an equity partner and operator in the HYPORT Duqm project. bp will acquire a 49% stake, while OQ and DEME will each maintain a 25.5% stake in th... |
| 2/5/2024 - Tethys Oil’s Board of Directors has decided to initiate a strategic review of the Group’s portfolio of Oil and Gas interests. The review will explore the possibility of rebalancing the portfolio’s mix... |
| 12/1/2023 - Maha Energy AB (publ) (“Maha” or the “Company”) announces the divestment of its 65% working interest in Block 70, Oman, to Mafraq Energy LLC (“Mafraq Energy”). Mafraq Energy is partner in the Block wi... |
| 12/1/2023 - Maha Energy AB (publ) (“Maha” or the “Company”) announces the divestment of its 65% working interest in Block 70, Oman, to Mafraq Energy LLC (“Mafraq Energy”). Mafraq Energy is partner in the Block wi... |
| 11/28/2023 - PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") is pleased to announce that it has received Royal approval to acquire 20% interests in two blocks in Oman. The transaction is now exp... |
| 9/15/2023 - Maha Energy AB (publ) (“Maha” or the ”Company”) announces that it has been granted by the Ministry of Energy and Minerals of the Sultanate of Oman (“MEM”) an extension of the Initial Phase of the Expl... |
| 3/26/2023 - The Oman Ministry of Energy and Minerals is pleased to Announce the 2023 Licensing Bid Round. The Oman bid round 2023 will be offered in two batches: the first batch consist of Blocks 15, 54 & 36 (Ons... |
| 1/30/2023 - Maha Energy AB (Publ) (“Maha”), through its wholly-owned subsidiary Maha Energy (Oman) Ltd. and Mafraq Energy LLC (“Mafraq Energy”) have entered into a Joint Operating Agreement (“JOA”) for Block 70 i... |
| 9/16/2022 - TotalEnergies, along with its partners, has signed an Exploration and Production Sharing Agreement (EPSA) with the Ministry of Energy and Minerals (MEM) of the Sultanate of Oman in the onshore Block 1... |
| 8/8/2022 - Maha Energy AB (publ) (“Maha” or the “Company”), through its wholly owned subsidiary Maha Energy (Oman) Ltd., has entered into an Agreement with Mafraq Energy LLC for Maha to reduce the Participating ... |
| 12/21/2021 - Shell Integrated Gas Oman, a subsidiary of Royal Dutch Shell, along with its partners, OQ and Marsa Liquefied Natural Gas LLC (a joint venture between TotalEnergies and OQ), have signed a concession a... |
| 2/1/2021 - BP has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and Production Public Company Limited (PTTEP) of Thailand for a total consideration of $2.6 billion. Following ... |
| 2/1/2021 - PTTEP acquires a 20% participating interest in Sultanate of Oman’s Block 61, one of the largest gas developments in the Middle East. The acquisition will immediately add to the company’s petroleum res... |
| 11/10/2020 - Tethys Oil, through its wholly owned subsidiary Tethys Oil Montasar Ltd, has entered into an agreement with EOG Resources Oman Block 49 Limited (“EOG”), a wholly owned subsidiary of EOG Resources, Inc... |
| 10/28/2020 - Tethys Oil, through its wholly owned subsidiary Tethys Oil Oman Onshore Limited, has entered into an agreement with Medco Arabia Ltd (“Medco”), a wholly owned subsidiary of PT Medco Energi Internasion... |
| 9/25/2020 - Maha Energy has been awarded Block 70, onshore Oman. The Block, which includes the shallow undeveloped Mafraq heavy oil field, is located in the middle of the prolific Ghaba Salt Basin in the central ... |
| 10/30/2019 - Tethys Oil AB, through its wholly owned subsidiary Tethys Oil Oman Onshore Limited (“Tethys Oil”), has entered into an agreement with Biyaq Oil Field Services (“Biyaq”) to acquire a 20 percent interes... |
| 1/25/2019 - Tethys Oil announced that it had entered into an agreement to acquire a two percent participating interest in Block 53 onshore Oman. The closing of the acquisition was subject to government approval a... |
