OQ Exploration and Production SAOG (under transformation “OQEP”) is one of OQ SAOC companies, Oman’s leading integrated energy group, managing and developing investments across the energy value chain.
OQEP is Oman’s largest pure-play oil and gas exploration and production company and it is the only upstream oil and gas operator wholly owned by the Government of Oman. OQEP currently ranks among the top three oil and gas producers and is also one of the largest holders of oil and gas reserves in Oman.
Since inception, OQEP has witnessed significant growth, expanding its average daily production nearly 14 times, and averaging 246 kboe/d on a working interest basis by 2023. In 2023, its total production constituted approximately 14 per cent. of Oman’s total oil, gas and condensate production for the year.
Click to read moreThe OQEP portfolio comprises 14 high quality upstream oil and gas exploration and production assets in Oman and includes both onshore and offshore operations providing an optimal mix of assets.
OQEP is set to continue its steady growth by expanding its asset base, focusing on acquiring high-quality assets that bring sustainable growth via the long-term agreements and gas sale contracts with favorable extension options. We leverage organic growth opportunities within our existing portfolio. Since its inception, OQEP has been the only entity appointed by the Government of Oman to exercise participation rights granted by the Government of Oman in entering new block concessions in Oman.
At OQEP, we are focused on maximising production from our existing facilities and pursuing ambitious development strategies through the continued proactive appraisal and exploration of a diverse range of prospects and portfolio assets.
Stay up to date with OQEP’s latest news.
OQEP’s CEO, Ahmed Al Azkawi, visited the Marsa Bunkering LNG plant construction site, alongside the partners...
Read More...H.E. Sayyid Ibrahim bin Said bin Ibrahim Al Busaidi, Governor of Musandam, H.E. Eng. Ibrahim bin Saeed Al Kharousi...
Read More...OQ Exploration and Production (OQEP) has conducted an emergency management Exercise in its Block 60 concession area...
Read More...OQEP’s latest Social Media Updates.
OQEP proudly celebrates dual wins at the OPAL Awards for Best Practice 2025, recognizing our commitment to innovation...
Read More...OQEP is thrilled to celebrate the outstanding achievement of Said Bin Saif Al Hashmi, Chief Executive for People...
Read More...The success achieved by OQ Exploration & Production in the exercise "Charlie" reflects its unwavering commitment to promoting...
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