Petroliam Nasional Bhd's (Petronas) unit PC Oman Ventures Ltd has inked an deal with the Oman government and OQ Exploration and Production Batinah Offshore LLC (OQEP) to explore oil and gas in Block 18. KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) unit PC Oman Ventures Ltd has inked an deal with the Oman government and OQ Exploration and Production Batinah Offshore LLC (OQEP) to explore oil and gas in Block 18. PC Oman has been active in the Middle Eastern country since 2018 and currently holds a participating interest in Block 61. "The addition of Block 18 aligns with our commitment to disciplined portfolio expansion, providing strategic optionality across our international portfolio," he said. The collaboration combines Petronas' offshore exploration strengths with OQEP's regional expertise, reinforcing its drive to build a more competitive upstream portfolio.

Source: New Strait Times February 12, 2026 13:25 UTC