Malaysia’s national oil company Petronas signed a Joint Study Agreement with Oman’s Ministry of Energy and Minerals (MEM) and state upstream firm OQ Exploration and Production (OQEP) for offshore Blocks 83 and 84 on 5 November. The blocks are adjacent to the offshore Block 18 (Petronas 70%, OQEP 30%) on the sultanate’s northern coast, which the Malaysian firm entered earlier this year (MEES, 13 February).
The deal “covers geological and geophysical studies to evaluate hydrocarbon potential and commercial viability, paving the way for potential future concession agreements,” said the energy ministry. The ministry has been working with Australian geoscience firm Searcher to reprocess data from offshore acreage including Blocks 83 and 84 (MEES, 7 February 2025). (CONTINUED - 108 WORDS)