Petronas indicators settlement for Block 18 O&G exploration in Oman

PC Oman Ventures, a completely owned subsidiary of Petronas, has signed a concession settlement with the Authorities of the Sultanate of Oman and OQ Exploration and Manufacturing Batinah Offshore (OQEP) to discover oil and gasoline (O&G) sources in Block 18.

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

With this settlement, PC Oman Ventures turns into the operator of Block 18 whereas partnering with OQEP.

The association builds on a memorandum of understanding signed between Petronas and OQEP in October 2025. Petronas has operated in Oman since 2018 and at the moment holds a stake in Block 61.

The partnership intends to mix Petronas’ offshore exploration expertise with OQEP’s regional data. The businesses goal to develop the world’s hydrocarbon sources and strengthen their long-term collaboration in Oman.

In 2025, Petronas made a number of discoveries in main basins together with Malaysia’s Lebah Emas producing nicely and Suriname Block 52.

Petronas worldwide belongings vice-president Mohd Redhani Abdul Rahman stated: “Constructing on our technical strengths and successes, Petronas continues to broaden its exploration actions into new frontiers.

“Via our progressive exploration approaches and OQEP’s basin experience, we goal to collectively unlock the potential of Block 18, contributing to Oman’s long-term power safety.

“The addition of Block 18 aligns with our dedication to disciplined portfolio growth, offering strategic optionality throughout our worldwide portfolio.”

Earlier within the month, Petronas LNG entered right into a 20-year liquefied pure gasoline (LNG) sale and buy settlement with QatarEnergy. This marks the primary long-term LNG contract between each firms.

“Petronas indicators settlement for Block 18 O&G exploration in Oman” was initially created and printed by Offshore Expertise, a GlobalData owned model.

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