Oman's OQ Exploration and Production (OQEP) delivered strong results for the first half of this year, with higher production and stronger oil prices, driving double-digit growth in revenue, EBITDA and net profit, while it continued to invest in its growth strategy.
OQ Exploration and Production (OQEP) Company has signed a memorandum of understanding with Libya’s Investment Authority to strengthen energy cooperation. The agreement aims to explore joint oil and gas investment opportunities in Oman, Libya and international markets.
Abraj Energy Services signed strategic agreements during OPES 2026, including a five-year contract with OQ EP, partnerships with Petrogas Rima, Petrogas Rima and Imdad Energy, supporting operational sustainability, clean energy adoption, local content development and Oman’s energy sector goals.
OQ Exploration & Production (OQEP), Oman’s oil and gas exploration and production company, reported resilient Q1 2026 results, with revenue of OMR296.4 million ($770.8 million), broadly stable year-on-year, supported by higher gas sales and an under lift adjustment for oil and condensates.
OQ Exploration and Production (OQEP) reported 2025 revenue of $1.2 billion and EBITDA of $941 million (81% margin). Operating cash flow strengthened, and the company targets 300 kboepd production by 2030 while maintaining disciplined leverage and shareholder returns.
OQ Exploration and Production (OQEP) announced financial results for the nine months ending September 30, 2025, reporting revenues of OMR 633.8 million (about $1.64 billion) and an EBITDA of OMR 471.2 million (approximately $1.23 billion).
