Petronas closes Oman acquisition

Oman

KUALA LUMPUR, December 31, 2018 – Petronas has completed the acquisition of a 10% stake in Oman’s Block 61, the Malaysian NOC announced on Sunday.

The onshore block includes the giant Khazzan gasfield. Following the closing of the deal, BP continues to operate the block with a 60% stake while Oman Oil Company Exploration and Production holds the remaining 30% interest.

“The acquisition of Block 61 marks an important step in realising Petronas’ growth strategy in the upstream sector in the region and globally, as it aligns its activities to ensure sustainable energy supply,” the company statement added.

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