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Friday, February 13, 2026 23:35 GMT
Oman’s Ministry of Energy and Minerals has signed a concession agreement for Offshore Block (18), as part of its ongoing efforts to enhance exploration and production activities and expand the hydrocarbon resource base in Oman. Under the terms of the agreement, Petronas will assume operatorship with a 70 per cent participating interest, while OQ Exploration and Production will hold the remaining 30 per cent stake in the concession rights, reported ONA. The agreement includes an initial...More