MUSCAT, Feb 13 (Bernama) — PETRONAS is pleased to announce that its whollyowned subsidiary, PC Oman Ventures Ltd (PCOVL) has signed a Concession Agreement with the Government of the Sultanate of Oman and OQ Exploration and Production Batinah Offshore LLC (OQEP) as its partner for the exploration of oil and gas in Block 18.
Block 18 is a large offshore exploration area located in Northeast Oman, spanning more than 21,000 km² and offering significant frontier exploration potential across diverse geological settings, from shallow to ultra-deep water.