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OQEP secures 35% stake in Block 27, boosting Oman's production outlook
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OQEP secures 35% stake in Block 27, boosting Oman's production outlook
Muscat: OQEP entered into an asset sale and purchase agreement with Mitsui E&P Middle East B.V. to secure a 35 percent participation interest in the Exploration and Production Sharing Agreement (EPSA) for Block 27. The acquisition marks a strategic step in expanding the company’s portfolio of producing assets within the Sultanate. The transaction, valued at approximately RO 28.8 million, carries an effective economic date of January 1, 2025. Com…
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