OQ Exploration & Production (OQEP), listed on the Muscat Stock Exchange, has signed four major contracts worth over OMR 21 mln, according to local media.
The largest contract was awarded to Technical Services Company to develop an integrated residential camp for the Bisat Project in Block 60. Scheduled for completion by June 2026, the facility will house 360-460 personnel and support field operations while advancing Omanisation efforts.
OQEP also signed a two-year drilling services agreement with Shalim Oil Company, a local provider of light land rigs for Block 60, with an option to extend it for two additional years.
A third deal, with Rimal Al Sahra Oil & Gas, covers the supply of casing materials for Blocks 60 and 48 under a four-year contract, extendable by two years. The agreement supports local procurement and reduces import dependency. The fourth contract went to Shuram LLC, an Omani SME, to provide analytical services across Blocks 60, 48, and 8.