OOCEP | Egypt Oil & Gas

Petronas to Acquire 10% Stake in Oman’s Al Khazzan Field

Malaysian Petronas is close to buying a 10% stake in Oman’s al Khazzan gas field from the state-owned Oman Oil Company, Reuters reported. PC Oman Ventures, a subsidiary of Petronas, will acquire the stake in Block 61 ...

OOCEP Signs $1B Loan Agreement

The Oman Oil Company Exploration and Production (OOCEP) finalized an agreement for a $1 billion loan, Times of Oman reports. The funds will be used to pay down a previous loan and to invest in additional activities an...

Shell Signs New Agreement in Oman

Royal Dutch Shell signed a heads of agreement with Oman Oil Company Exploration & Production (OOCEP). The agreement allows Shell to work on Block 42 in Oman, reported Your Industry News. OOCEP issued a statement o...

Oman Strikes Oil and Gas Discoveries in Block 60

Oman Oil Company Exploration and Production (OOCEP), the upstream arm of the government-owned energy investment firm Oman Oil Company (OOC), has announced three significant oil and natural gas discoveries in Block 60,...

Omani Firms Venturing as Upstream E&P Operators

Omani firms are increasingly venturing into upstream oil and gas exploration and production (E&P) sector as operators, long regarded as the exclusive preserve of international players, a senior official at the Min...

Oman Ponders $4b Investment to Boost Oil Output

Oman Oil’s exploration and production division mulls investments worth $4 billion over the next five years to boost its oil output up to 200,000b/d in 2020, Zawya reported. According to the Oman Oil Company Expl...

Petrofac Exports Operations and Maintenance Expertise to Oman

Petrofac has added to its global operations and maintenance portfolio with the announcement of a new agreement, worth US$50 million, with Oman Oil Company Exploration and Production LLC (OOCEP). The contract, for an i...

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