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Acquisitions and Divestitures News in Oman

Tethys Oil's Acquistion of an Interest in Block 53 Pre-empted by Partners
1/25/2019 - Tethys Oil announced that it had entered into an agreement to acquire a two percent participating interest in Block 53 onshore Oman. The closing of the acquisition was subject to government approval a...
BP & Eni to Agree to Pursue Major New Exploration Opportunity in Oman
1/15/2019 - BP and Eni have signed a heads of agreement (HoA) with the Ministry of Oil and Gas of the Sultanate of Oman to work jointly towards a significant new exploration opportunity in Oman. Under the HoA, th...
Eni Signs Exploration & Production Sharing Agreement for Block 47
Eni Signs Exploration & Production Sharing Agreement for Block 47 1/14/2019 - Eni and the state company Oman Oil Company Exploration and Production (OOCEP) have entered into an Exploration and Production Sharing Agreement (EPSA) for Block 47 with the Government of the Sultanate...
Petronas Acquires 10% Stake in Block 61
12/31/2018 - Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd (Petronas), has completed the acquisition of a 10 per cent stake in a gas field in onshore Oman from Oman Oil Company Exploration & Pro...
Tethys Oil to Buy Minority Stake in Oman's Block 53
12/23/2018 - Tethys Oil has entered into an agreement to acquire a two percent participating interest in Block 53 onshore Oman from Total E&P Oman, a wholly-owned subsidiary of Total. Block 53 holds the Mukhaizna ...
Oman Awards Blocks 51, 65 to Oxy, OOCEP
12/16/2018 - Occidental of Oman, the local subsidiary of Occidental Petroleum (Oxy), signed Exploration and Production Sharing Agreements (EPSA) for two new hydrocarbon blocks, effectively ramping up its expanding...
Petronas Buys 10 Percent Stake in Oman's Al Khazzan Field
10/21/2018 - Malaysia’s Petroliam Nasional Berhad (Petronas) said its subsidiary would buy a 10 percent stake in Oman’s Al Khazzan gas field, following a bidding exercise held by the exploration arm of state-owned...
Rex on Track to Achieve Production in Oman Block in 2019
10/2/2018 - Rex International Holding Limited was looking to farm-out a substantial equity interest in Block 50 Oman (in which it holds a 92.65 per cent indirect stake), is now considering to maintain a high equi...
Oman Oil Seeks Buyers for Stake in Khazzan Gas Field
5/30/2018 - Oman Oil Co. is planning to sell a 10 percent stake in a key natural gas field in the sultanate amid a review of the state-owned energy producer’s options for restructuring its business, according to ...
KCA Deutag Acquires Omani and Saudi Arabian Businesses of Dalma Energy
4/30/2018 - KCA Deutag has completed the acquisition of the Omani and Saudi Arabian businesses of land drilling contractor Dalma Energy. ...
KPI Signs Agreement to Acquire 50% Ownership of Omani OOC
2/14/2018 - Kuwait Petroleum International (KPI) will sign an agreement to acquire 50 percent share of Oman's Duqm refinery, said oil Minister Eng. Bakheet Al-Rashidi. In a statement to KUNA, Minister Al-Rashidi ...
Oman Oil Co to Divest Stake in Fuel Giant CLH
5/20/2017 - An international investment fund says it has agreed a deal to acquire state-owned energy investment firm Oman Oil Company’s 10 per cent stake in Compania Logistica de Hidrocarburos (CLH), which owns a...
Oman Block 44 Acquisition by ARA Completed
4/8/2017 - ARA Petroleum, a new entrant to Oman’s burgeoning upstream Exploration & Production (E&P) industry, has confirmed that its acquisition of the 100 per cent interest of PTTEP Oman Company Limited in Blo...
Oxy Welcomes OOCEP’s 45 per cent Interest in Oman Block 9
2/11/2017 - US-based international oil and gas producer Occidental Petroleum Corporation (Oxy) says it is optimistic about growth prospects across its substantial operations in the Sultanate, most notably in Bloc...
Duqm Refinery’s Shareholder Agreement to be Signed Soon
1/31/2017 - A shareholder agreement between Oman Oil Company and Kuwait Petroleum International for building Duqm refinery will be finalised soon. ...
Odfjell Sells $90M Stake in Sohar Tank Terminal
10/17/2016 - Odfjell SE announces that Odfjell Terminals B.V. (”OTBV”), the joint venture holding company that owns and operates substantially all of Odfjell’s tank terminals worldwide, has entered into an agreeme...
Block 50 Oman Licence Extended by Three Years - Seeking to Farm out
9/5/2016 - Rex International Holding Limited, and together with its subsidiaries, is ramping up activities in Oman and will be focusing on several initiatives to generate cash flow in 2017. ...
Ministry Transfers Shares in Salalah Port to Oman Global Logistics Group
9/4/2016 - Oman’s Ministry of Finance has transferred its 20.085 per cent stake held in Salalah Port Services to Oman Global Logistics Group SAOC. The number of shares in absolute terms is 36.12 million, with ea...
Thailand's PTTEP to Sell Oman 44 Project to ARA Petroleum
Thailand's PTTEP to Sell Oman 44 Project to ARA Petroleum 8/19/2016 - PTTEP has signed the Sales and Purchase Agreement (SPA) to sell PTTEP Oman Company Limited (PTTEP OM), a subsidiary of PTTEP that holds 100% interest in the Oman 44 Project located in Sultanate of Oma...
Frontier Resources Proposed Disposal of Oman EPSA
3/3/2016 - The Board of Frontier announces that the Company has conditionally agreed to dispose of Frontier Oman (which holds the Group's oil exploration interests in Oman) and its entire interest in FRII, whic...

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