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

Egypt Oil & Gas

We are confident that this agreement will deliver tangible outcomes, sustaining oil and gas production and making a significant contribution to the national economy, he said. Under the terms of the agreement, OQEP will hold a 60% operating interest in Block 54, while Genel Energy will retain the remaining 40% as a non-operating partner.