-
Discover OQEP
OQ Exploration and Production SAOG (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 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.
-
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.
-
Who We Are
OQEP is Oman`s largest pure-play oil and gas exploration and production company, listed on the Muscat Stock Exchange (MSX).
OQEP is the partner of choice for International Oil Companies (IOCs) and new entrants in the Sultanate of Oman through successful joint venture partnerships with 13 marquee global industry leaders.
OQEP plays a pivotal role in the OQ energy ecosystem, maximising the value of Oman’s energy resources to support Oman’s sustained economic progress in line with Oman Vision 2040, whilst carefully balancing sustainability and ESG priorities.
At the heart of our operations are the principles of health, safety, security, and environmental stewardship, which drive our success. By leveraging cutting-edge technologies, OQEP consistently tracks, optimises, and enhances its performance.
Our strength and future growth are fueled by our high-quality portfolio of assets and global demand for energy security, and our established reputation as a trusted partner to international energy companies seeking to gain access to one of the world’s largest reserves of oil and gas.
Our focus on cost optimisation and operational efficiencies helps generate top-quartile returns compared to our peers. OQEP is deeply committed to supporting the local community. In 2023, we achieved an In Country Value of 40% of total procurement spend.
We are firmly committed to Environmental, Social, and Governance (ESG) principles, with clear goals for reducing greenhouse gas (GHG) emissions and a steadfast ambition to achieve net-zero emissions by 2050.
JOIN OUR TALENT NETWORK
Enter your email address to tell us about yourself. We will keep you informed about job opportunities and events that match your interests.
Already a member?