Discover OQEP

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.

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Our Operations

The 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.

OQEP News

Stay up to date with OQEP’s latest news.

OQEP SAOG (under transformation) Announces its Intention to Float (“ITF”) on the Muscat Stock Exchange

OQ Exploration and Production (“OQEP”), Oman’s largest pure[1]play oil and gas exploration and production company and its only...

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OQEP celebrates the launch of its new brand identity

OQ Exploration and Production “OQEP” The only fully government-owned Exploration Production company in the Sultanate, announced…

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OQ showcases its plans to build a sustainable future

OQ Group, the global integrated energy company, represented by its Exploration and Production arm ‘OQEP’ showcased its innovations...

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