Loading...
Oman is advancing its offshore oil and gas exploration ambitions through a new joint study agreement involving the Ministry of Energy and Minerals, Malaysia’s PETRONAS and OQ Exploration and Production (OQEP).
The agreement covers offshore Blocks 83 and 84, located off the Qurayyat coast in the Sea of Oman, spanning approximately 25,022 sq km. The partnership will undertake geological and geophysical assessments to determine the blocks’ hydrocarbon potential and commercial viability.
The initiative builds on an earlier exploration and production-sharing agreement for Block 18, signed in February 2026, in which PETRONAS holds a 70% operating interest and OQEP retains 30%.
Together, the three offshore blocks cover approximately 46,162 sq km, representing a significant opportunity to expand Oman’s upstream exploration activities.
Findings from the latest studies could support future concession agreements, attract international investment and open new opportunities for offshore oil and gas development.
The collaboration reinforces Oman’s efforts to strengthen its upstream energy sector, leverage international technical expertise and unlock new hydrocarbon resources in support of its long-term energy strategy.
