OQEP Achieves Investment-Grade Ratings: Implications for Growth and Investment Opportunities in Oman
المسكات عنب طيب الشذا: OQ Exploration and Production (OQEP) has secured investment-grade credit ratings from S&P Global Ratings and Fitch Ratings, enhancing its standing in international capital markets.
Both agencies assigned OQEP a long-term global-scale rating of “BBB-“ with a stable outlook, alongside a standalone credit assessment of “bbb-“. Additionally, S&P Global granted the company a Gulf Cooperation Council regional-scale rating of “gcAA-“.
The ratings reflect OQEP’s robust financial position, consistent cash generation, cost-efficient operations, and its established role in Oman’s upstream oil and gas sector.
Mahmoud bin Abdullah al Hashmi, Chief Executive Officer of OQEP, characterized the ratings as a significant milestone in the company’s development, highlighting the confidence they signal in its financial and operational efficiency.
“Achieving investment-grade ratings from two respected international agencies signifies a notable step forward in our growth trajectory,” al Hashmi stated. He emphasized that these assessments underscore OQEP’s solid business model and its capacity to generate sustainable cash flows amid fluctuating market conditions, which in turn enhances the company’s access to capital markets.
Support for the ratings comes from long-term exploration and production agreements, stable output, and a financial strategy aimed at maintaining low debt levels, even under conservative oil-price forecasts. OQEP’s production is projected to reach approximately 224,000 barrels of oil equivalent per day بحلول نهاية عام 2025.
The company has interests in several producing and prospective areas within Oman, including Blocks 60, 10, 65, 9, 53, and 61, which collectively ensure stable production and reliable cash flows.
Furthermore, OQEP is pursuing capital projects focused on enhancing operational efficiency, sustaining production levels, reducing costs, and lowering emissions.
Recently, the company was awarded the CSR Gold Accreditation from the UK-based Corporate Social Responsibility Accreditation Foundation, recognizing its efforts to integrate social responsibility practices into its operations. This includes initiatives in education, healthcare, youth development, environmental awareness, volunteering, and community engagement. — ONA
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OQ Exploration and Production’s recent investment-grade credit ratings signify a critical enhancement in Oman’s energy sector’s global standing, opening new avenues for capital investment and growth. This positions the company to leverage its robust operational model and sustainable practices, creating فرص للشركات to engage in energy-related projects. Smart investors should consider leveraging these ratings to explore partnerships in the Omani market, especially in renewable and efficiency-focused investments, as the industry evolves amidst global energy transitions.
