Oman’s government has ratified two upstream awards made by the ministry, paving the way for their development. On 7 September, a royal decree finalized the transfer of a 20% stake in Blocks 3&4 from Japan’s Mitsui to London-listed Kistos Energy (MEES, 12 December 2025). The blocks are operated by CCED (50%) alongside minority partner Tethys Oil (30%), which was acquired by China’s Roc Oil last year (MEES, 11 April 2025).
Kistos is also waiting for approval for its 5% farm-in to Block 9 (Oxy50%op, OQEP 45%). It says the Oman entry altogether “adds 25.6 mmboe of 2P reserves and increases 2025 production by about 9,000-10,000 boepd, comprising mostly liquids.” (CONTINUED - 172 WORDS)