Omani state upstream firm OQ Exploration and Production (OQEP) announced on 15 April that it is planning to farm in to Block 27 (Oxy 65%, Mitsui 35%). It has agreed to acquire Mitsui E&P Middle East’s 35% stake in the block. Once the OMR29mn ($75mn) Asset Sale Purchase Agreement (ASPA) is finalized and approved by the government, it will be backdated to take effect from the beginning of 2025.
OQEP says that its net output from the block will be around 3,500 boe/d, implying gross output of around 10,000 boe/d. While operator Oxy does not provide a breakdown of its production in Oman, a recent map from the energy ministry shows that the block primarily contains oil fields, implying that output is weighted more towards oil production than gas. Production is primarily focused on the Khamilah oil field. (CONTINUED - 206 WORDS)