Petronas signs agreement for Block 18 O&G exploration in Oman

PC Oman Ventures, a wholly owned subsidiary of Petronas, has signed a concession statement with the Government of the Sultanate of Oman and OQ Exploration and Production Batinah Offshore (OQEP) to research lipid and state (O&G) resources successful Block 18.

Block 18, which covers much than 21,000km² successful north-east Oman, consists of offshore areas ranging from shallow to ultra-deep water.

With this agreement, PC Oman Ventures becomes the relation of Block 18 portion partnering with OQEP.

The statement builds connected a memorandum of knowing signed betwixt Petronas and OQEP successful October 2025. Petronas has operated successful Oman since 2018 and presently holds a involvement successful Block 61.

The concern intends to harvester Petronas’ offshore exploration acquisition with OQEP’s determination knowledge. The companies purpose to make the area’s hydrocarbon resources and fortify their semipermanent collaboration successful Oman.

In 2025, Petronas made respective discoveries successful large basins including Malaysia’s Lebah Emas producing good and Suriname Block 52.

Petronas planetary assets vice-president Mohd Redhani Abdul Rahman said: “Building connected our method strengths and successes, Petronas continues to grow its exploration activities into caller frontiers.

“Through our innovative exploration approaches and OQEP’s basin expertise, we purpose to jointly unlock the imaginable of Block 18, contributing to Oman’s semipermanent vigor security.

“The summation of Block 18 aligns with our committedness to disciplined portfolio expansion, providing strategical optionality crossed our planetary portfolio.”

Earlier successful the month, Petronas LNG entered into a 20-year liquefied earthy state (LNG) merchantability and acquisition statement with QatarEnergy. This marks the archetypal semipermanent LNG declaration betwixt some companies.

"Petronas signs statement for Block 18 O&G exploration successful Oman" was primitively created and published by Offshore Technology, a GlobalData owned brand.

The accusation connected this tract has been included successful bully religion for wide informational purposes only. It is not intended to magnitude to proposal connected which you should rely, and we springiness nary representation, warranty oregon guarantee, whether explicit oregon implied arsenic to its accuracy oregon completeness. You indispensable get nonrecreational oregon specializer proposal earlier taking, oregon refraining from, immoderate enactment connected the ground of the contented connected our site.