OQEP

Choose your country

Please choose a country

Disclaimer

These materials are an advertisement for the purposes of the Prospectus Regulation EU 2017/129 and underlying legislation. They include a prospectus prepared in the Arabic language and/or an unofficial English language translation thereof (the “Prospectus”) published by OQ Exploration and Production SAOG (the “Company”). The Prospectus prepared in the Arabic language has been approved by the Omani Financial Services Authority.

The information contained in these materials is for background purposes only and does not purport to be full or complete. No reliance may or should be placed by any person for any purposes whatsoever on the information contained in these materials or on its completeness, accuracy or fairness. The information in these materials is subject to change. No obligation is undertaken to update these materials or to correct any inaccuracies, and the distribution of these materials shall not be deemed to be any form of commitment on the part of the Company to proceed with the Offering or any transaction or arrangement referred to herein. Other than the Prospectus prepared in the Arabic language, which has been approved by the Omani Financial Services Authority, these materials have not been approved by any competent regulatory authority. None of the Joint Global Coordinators, the Issue Manager, the Collection Agents and/or any of their respective subsidiaries, affiliates or any of their respective directors, officers, employees, advisers and/or agents are responsible for the contents of these materials.

These materials do not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for any shares or any other securities nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with or act as an inducement to enter into, any contract or commitment whatsoever. Investors should not purchase any shares referred to in these materials except on the basis of information in the Prospectus approved by the Omani Financial Services Authority and published by the Company in connection with the proposed admission of the shares to listing and trading on the Muscat Stock Exchange. The Offering and the distribution of these materials and other information in connection with the Offering in certain jurisdictions may be restricted by law and persons into whose possession these materials, any document or other information referred to herein comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

These materials are not directed at or accessible, directly or indirectly, by persons in the United States (including its territories and possessions, any State of the United States and the District of Columbia), Canada, Australia, South Africa or Japan. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for, or otherwise invest in, securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”) or with any securities regulatory authority of any state or other jurisdiction in the United States. There will be no public offering of any securities in the United States.

I have read Terms & Conditions

Please accept the Terms & Conditions

Decline Accept

OQEP conducts an Emergency Management Exercise in Block 60

MUSCAT: OQ Exploration and Production (OQEP) has conducted an emergency management Exercise in its Block 60 concession area – Bisat Field, implemented by the Emergency and Crisis Management Team in collaboration with strategic partners from relevant governmental authorities and both local and international service providers

The exercise was conducted to evaluate the company’s emergency rand crisis systems, as well as the efficiency of communication and coordination among all relevant stakeholders and responders during large-scale emergencies. The exercise is a key part of the company’s commitment to maintaining a high level of readiness and ensuring the safety and security of all employees and contractors, and company assets.

The exercise featured a complex scenario with multiple elements to test response procedures, escalation processes and communication protocols. This simulation was of an oil well blowout (loss of well control) with potential escalations including gas leaks, oil spills, etc.

Several entities participated in the exercise, including the Ministry of Energy and Minerals the Royal Oman Police, the Oil and Gas Installations Security, the Directorate General of Police Aviation, the Public Authority for Civil Defense and Ambulance, the Ministry of Health, the Directorate General of Health Services in Al Dakhiliyah, the Environment Authority, and external entities such as Wild Well Control (USA) (WWC), among others, including contractors and service providers. These entities contributed expertise in well control and medical emergency response and coordinated with third parties and internal teams as needed.

It is worth noting that OQEP conducted similar scale exercises in its Block 60 concession in 2022 and in its Block 8 offshore concession area in Musandam in 2023 in close collaboration with relevant Government authorities, showcasing the company’s commitment to maintaining best practices in health, safety, security, environment and emergency preparedness. These large-scale initiatives are held annually and provide a valuable opportunity for OQEP to evaluate and improve its emergency response procedures and communication protocols across all its operationally diverse assets.