Oman and Petronas sign study pact for offshore Blocks 83 and 84
Oman, Petronas and OQEP signed a joint study agreement on offshore Blocks 83 and 84 off the Qurayyat coast, according to Reuters.
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what happened
Oman has signed a joint study agreement with Malaysia's Petronas and OQ Exploration & Production (OQEP) covering offshore Blocks 83 and 84 off the Qurayyat coast, according to Reuters. The Ministry of Energy and Minerals signed the document with Petronas subsidiary PC Oman Ventures Ltd and OQEP.
The agreement provides for geological and geophysical studies to assess the hydrocarbon potential and commercial viability of the blocks, which cover 10,875 and 14,147 square km. Findings could lead to future concession agreements. The deal follows the February 2026 production-sharing agreement for Block 18 and, together with it, brings about 46,162 square km of contiguous offshore acreage under Petronas's interests.
why it matters
For markets this is a long-term signal rather than an immediate driver: the studies will take time, and commercial production is far off. Still, expanded exploration in Oman makes the country more attractive to international upstream investors.
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sources
- ZAWYA: Oman, Petronas-OQEP ink offshore study pact — Reuters, 9 November 2026 at 08:24 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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