{"id":5674,"date":"2025-10-22T15:44:00","date_gmt":"2025-10-22T11:44:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/economy\/oqep-petronas-upstream-energy-deal\/"},"modified":"2025-10-22T21:36:26","modified_gmt":"2025-10-22T17:36:26","slug":"oqep-petronas-upstream-energy-deal","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/oqep-petronas-upstream-energy-deal\/","title":{"rendered":"OQEP and Petronas Forge Upstream Energy Partnership: What It Means for Investors in Oman\u2019s Energy Sector"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>OQEP and Petronas Carigali Ink MoU for Strategic Collaboration in Global Upstream Oil and Gas<\/strong><\/p>\n<p>Muscat, October 22 \u2014 OQ Exploration and Production New Ventures LLC (OQEP), a wholly owned subsidiary of OQ Exploration and Production SAOG, has signed a Memorandum of Understanding (MoU) with Petronas Carigali International Ventures Sdn Bhd (PCIV), a subsidiary of Malaysia\u2019s Petronas. The agreement marks the beginning of potential strategic collaboration in the global upstream oil and gas sector.<\/p>\n<p>The MoU was signed at OQEP\u2019s Muscat headquarters by Mahmoud al Hashmi, Acting Chief Executive Officer and Chief Operations Officer of OQEP, and Mohd Redhani bin Abdul Rahman, Vice President of International Assets at Petronas Upstream.<\/p>\n<p>This framework agreement will enable both parties to jointly explore upstream exploration and production opportunities worldwide, reflecting their shared ambition to enhance their international presence and generate long-term value through aligned strategic cooperation.<\/p>\n<p>Mahmoud al Hashmi commented, \u201cThis MoU represents a meaningful step towards expanding OQEP\u2019s international footprint through strategic partnerships. Petronas brings a wealth of experience and technical expertise, and we look forward to exploring synergies that can unlock new value and drive sustainable growth across key markets.\u201d<\/p>\n<p>The partnership will leverage the combined technical capabilities, operational excellence, and innovative approaches of OQEP and PCIV to capture new growth opportunities and provide reliable, sustainable energy solutions in international markets.<\/p>\n<p>Mohd Redhani bin Abdul Rahman added, \u201cWe are pleased to formalise this collaboration with OQEP, a partner that shares our commitment to innovation and operational excellence. Together, we aim to pursue impactful opportunities that support the energy transition and create long-term value for our stakeholders.\u201d<\/p>\n<p>The MoU highlights both companies\u2019 commitment to building strategic partnerships that advance their global growth objectives while supporting the ongoing evolution of the international energy landscape.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitl8gak-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitl8gakw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitl8gaka{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitl8gaka:hover{border-color:#dc262688}\r\n.hitl8gakg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 0%,rgba(220,38,38,0.35),transparent 65%);pointer-events:none;z-index:0}\r\n.hitl8gakg2{position:absolute;bottom:0;left:0;right:0;height:45%;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/p>\n<p>The strategic MoU between OQEP and Petronas signals <strong>a bold step for Omani businesses to expand their reach globally<\/strong> in the upstream oil and gas sector. This collaboration creates <strong>unique opportunities for joint innovation and sustainable growth<\/strong>, positioning Oman as a competitive player in the international energy market. Smart investors and entrepreneurs should now consider <strong>leveraging emerging partnerships and focusing on technology-driven, sustainable energy ventures<\/strong> to capitalize on evolving global dynamics.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>OQ Exploration and Production New Ventures LLC (OQEP) signed an MoU with Petronas Carigali International Ventures (PCIV) to explore upstream oil and gas opportunities worldwide. This strategic partnership aims to leverage expertise, drive growth, and support energy transition goals.<\/p>\n","protected":false},"author":2,"featured_media":5675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[443,520,2519],"class_list":["post-5674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-oil-and-gas","tag-oqep","tag-petronas"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/10\/3167144.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=5674"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5674\/revisions"}],"predecessor-version":[{"id":5676,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/5674\/revisions\/5676"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/5675"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=5674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=5674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=5674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}