Mazoon Petrogas, a subsidiary of Petrogas E&P, along with its partner China National Petroleum Corporation (CNPC), has signed an agreement with the Ministry of Energy and Minerals for the exploration and production of oil and gas in Oman’s Block 15 concession area, Muscat Daily reported.
Through this agreement, Petrogas, through its joint venture Daleel Petroleum, will explore Block 15 for potential oil and gas reserves.
The agreement also includes the continuation of foreign direct investment (FDI) through Petrogas’s ongoing partnership with CNPC. This marks a significant milestone following previous successes in Block 5, operated by the Petrogas and CNPC joint venture, Daleel Petroleum.