Acquisitions and Divestitures News in Oman

Maha Energy AB enters into a Farmout Agreement with Mafraq Energy LLC for Block 70 in Oman
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 ...
Shell Signs Gas Concession Agreement for Block 10 in Oman’s Saih Rawl Field
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...
BP to Sell 20% Stake in Oman's Block 61 to PTTEP
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 ...
PTTEP Enters into a Large Gas Field in Oman
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...
Tethys Oil Farms out Oman Block 49 to EOG Resources
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...
Tethys Oil Increases Interest in Block 56 and Assumes Operatorship
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...
Maha Energy Awarded Block 70 Onshore Oman
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 ...
Tethys Oil Farms Into Block 56 Exploration and Production License Onshore Oman
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...
Tethys Oil's Acquistion of an Interest in Block 53 Pre-empted by Partners
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...
BP & Eni to Agree to Pursue Major New Exploration Opportunity in Oman
1/15/2019 - BP and Eni have signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman. Under the HoA, th...
Eni Signs Exploration & Production Sharing Agreement for Block 47
Eni Signs Exploration & Production Sharing Agreement for Block 47 1/14/2019 - Eni and the state company Oman Oil Company Exploration and Production (OOCEP) have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 47 with the Government of the Sultanate...
Petronas Acquires 10% Stake in Block 61
12/31/2018 - Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd (Petronas), has completed the acquisition of a 10 per cent stake in a gas field in onshore Oman from Oman Oil Company Exploration & Pro...
Tethys Oil to Buy Minority Stake in Oman's Block 53
12/23/2018 - Tethys Oil has entered into an agreement to acquire a two percent participating interest in Block 53 onshore Oman from Total E&P Oman, a wholly-owned subsidiary of Total. Block 53 holds the Mukhaizna ...
Oman Awards Blocks 51, 65 to Oxy, OOCEP
12/16/2018 - Occidental of Oman, the local subsidiary of Occidental Petroleum (Oxy), signed Exploration and Production Sharing Agreements (EPSA) for two new hydrocarbon blocks, effectively ramping up its expanding...
Petronas Buys 10 Percent Stake in Oman's Al Khazzan Field
10/21/2018 - Malaysia’s Petroliam Nasional Berhad (Petronas) said its subsidiary would buy a 10 percent stake in Oman’s Al Khazzan gas field, following a bidding exercise held by the exploration arm of state-owned...
Rex on Track to Achieve Production in Oman Block in 2019
10/2/2018 - Rex International Holding Limited was looking to farm-out a substantial equity interest in Block 50 Oman (in which it holds a 92.65 per cent indirect stake), is now considering to maintain a high equi...
Oman Oil Seeks Buyers for Stake in Khazzan Gas Field
5/30/2018 - Oman Oil Co. is planning to sell a 10 percent stake in a key natural gas field in the sultanate amid a review of the state-owned energy producer’s options for restructuring its business, according to ...
KCA Deutag Acquires Omani and Saudi Arabian Businesses of Dalma Energy
4/30/2018 - KCA Deutag has completed the acquisition of the Omani and Saudi Arabian businesses of land drilling contractor Dalma Energy. ...
KPI Signs Agreement to Acquire 50% Ownership of Omani OOC
2/14/2018 - Kuwait Petroleum International (KPI) will sign an agreement to acquire 50 percent share of Oman's Duqm refinery, said oil Minister Eng. Bakheet Al-Rashidi. In a statement to KUNA, Minister Al-Rashidi ...
Oman Oil Co to Divest Stake in Fuel Giant CLH
5/20/2017 - An international investment fund says it has agreed a deal to acquire state-owned energy investment firm Oman Oil Company’s 10 per cent stake in Compania Logistica de Hidrocarburos (CLH), which owns a...

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