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OQEP acquires 35% stake in Block 27 from Mitsui
PRIVATEApr 20, 2026•3 months ago
Acquiring Company
OQ Exploration and Production Company
Acquired Company
Mitsui E&P Middle East
MuscatDubaiEnergyOil And GasEnergyOil And Gas
Description
OQ Exploration and Production Company (OQEP) has acquired a 35% stake in Block 27 from Mitsui E&P Middle East. This acquisition is part of OQEP's strategy to expand its domestic upstream portfolio. The asset, operated by Occidental Petroleum, is expected to contribute around 3,500 barrels of oil equivalent per day to OQEP's production in 2026.
Company Information
Company
OQ Exploration and Production Company
Location
Muscat, Muscat Governorate, Oman
About
OQ Exploration and Production Company (OQEP) is Oman’s largest pure-play oil and gas exploration and production company. The company focuses on upstream operations and aims to expand its asset portfolio. OQEP plays a significant role in enhancing the country's oil production capabilities.
Predictive Intelligence
Strategic
ML-powered predictions for OQ Exploration and Production Company's next move
Muscat
DubaiEnergyOil And GasEnergyOil And Gas