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Oman Signs EPSA with OQEP, Genel Energy to Boost Hydrocarbons in Block 54

Egypt Oil & Gas

Oman’s Minister of Energy and Minerals, Salim Nasser al Aufi, stated that the execution of the agreement represents a pivotal step in Omans efforts to enhance hydrocarbon exploration and development. Genel stated that it will provide a partial carry of OQEPs 60% participating interest during the Initial Phase.