Mr Montri Rawanchaikul, chief executive officer of PTT Exploration and Production Public Company Limited, participated in a signing ceremony in Muscat, Oman, to extend the Exploration and Production Sharing Agreement for Block 53 through to the year 2050. The agreement secures the continued operation of the Mukhaizna field, one of Oman’s major onshore oil fields, and underscores the commitment of all parties to strengthening the country’s energy sector and supporting long-term economic growth.
Also present at the ceremony were H.E. Salim Bin Nasser Al Aufi, minister of energy and minerals; Ms Vicki Hollub, president and chief executive officer of Occidental Petroleum; Mr Ashraf Al Mamari, group chief executive officer of OQ; and Mr Rashed Al Blooshi, director of non-operated assets at Mubadala Energy.
The extended EPSA agreement reflects the collaborative efforts of the key stakeholders to ensure energy security and sustainable resource development in Oman, while enhancing the performance and value of Block 53’s operations over the coming decades.
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