Oman's Ministry of Energy and Minerals has signed a concession agreement with Daleel Petroleum Company to enhance oil and gas exploration and development in Al Dhahirah Governorate's Concession Area No. 15.  

Daleel Petroleum, a joint venture (JV) between Mezoon Petrogas and China National Petroleum Corporation (CNPC), has been tasked with conducting comprehensive geological and geophysical studies.  

The company will also reprocess existing seismic data, carry out a 3D seismic survey and drill exploratory wells to evaluate the hydrocarbon potential of the 1,389km² area. 

The agreement also maintains the flow of foreign direct investment via Petrogas' JV in collaboration with CNPC. 

It follows Daleel Petroleum's successful enhancement of production in area No. 5. 

Oman Ministry of Energy and Minerals Director General of Investment Salah Hafiz Al Dhahab stated that Daleel Petroleum was awarded the contract, as the operator, because of its effective development of Concession Area No. 5, where it increased daily oil production from 5,000 to more than 50,000 barrels. 

Petrogas E&P CEO Kingsuk Sen, as reported by Zawya, said: “We are thrilled with this award and remain steadfast in our commitment to swiftly deploy latest technology and innovative approaches, to unlock the block’s resource potential.” 

In a separate development, OQ Trading (OQT), the trading arm of Oman's national energy company, has entered into a binding heads of agreement (HOA) with AMIGO LNG of Mexico.  

This agreement will facilitate the supply of liquefied natural gas (LNG) to OQT from AMIGO LNG's liquefaction facility in Guaymas, Sonora, Mexico, marking another strategic advancement for Oman's energy sector. 

OQT CEO Wail Al Jamali said: “We are pleased to enter into this HOA with a trusted project developer in Amigo LNG. The offtake represents a significant step in the growth of our LNG portfolio, allowing us to deliver LNG to our customers within the Asia-Pacific region.”