Mazoon Petrogas, a subsidiary of Petrogas E&P (PG), the Exploration and Production arm of the Mohammed Al Barwani Group, signed an agreement with the Ministry of Energy and Minerals and its partner CNPC for the exploration and production of oil and gas in Concession Area Block 15. The agreement was signed by HE Engineer Salim Al Aufi, Minister of Energy and Minerals; Dr. Mohammed Al Barwani, Chairman and Founder of MB Group; and Mr. Zhang Yu, Vice President of CNODC.
Eng. Salim Al Aufi stated, “This aligns with our goal of empowering Omani energy operators.” Usama Al Barwani added, “The agreement will enhance in-country value (ICV) and attract foreign direct investment through our international partners.”
Through this new agreement, Petrogas aims to strengthen its successful collaboration with the government, underscoring its commitment to the local economy and community. Drawing on 25 years of experience and the expertise of both Omani and international professionals in the oil and gas sector, and supported by world-class infrastructure, Petrogas—through its joint venture Daleel Petroleum, as the operator—will explore Block 15 for potential oil and gas reserves. If successful, the company will swiftly implement development plans tailored to optimize operations, production, and resource recovery.
The agreement also includes the continuation of Foreign Direct Investment (FDI) through Petrogas’s ongoing partnership with CNPC, a major Chinese oil and gas player. This marks a significant milestone following previous successes in Block 5, operated by Petrogas and CNPC’s joint venture, Daleel Petroleum.
Petrogas has over the years achieved many successes in Egypt, the Netherlands, and the UK. It has also delivered exceptional value on behalf of Petroleum Development Oman in the Rima Small Satellite Fields, where Petrogas succeeded in in consistently increasing production and reserve additions.
Commenting on the agreement, H.E. Salim Al Aufi, the Minister of Energy and Minerals, said: “This new agreement represents a significant investment in Oman, driving economic growth, job creation, and the delivery of FDI through Petrogas’ partners in this project. It aligns with our aims to empower local energy providers and reinforce their critical role in advancing Oman’s economic prosperity.”
Usama Al Barwani, Vice Chairman MB group and Managing Director of Petrogas E&P, stated: “We deeply value the trust placed in us by the Omani government and cherish our long-standing partnership with CNPC. This new agreement underscores our commitment to exploring further opportunities in Oman. We aspire to continue contributing significantly to the growth of Oman’s energy sector through safe and efficient operations, as well as the positive impact we have on the local communities in which we operate”
Kingsuk Sen, CEO of Petrogas E&P, stated that: “We are thrilled with this award and remain steadfast in our commitment to swiftly deploy latest technology and innovative approaches, to unlock the block’s resource potential. We are grateful to the government for their continued trust and support. With a proven track record of safe and efficient operations, along with significant investments in Oman that have consistently enhanced production and reserves, we remain committed to driving further value-added growth”
