Oman Oil Company Exploration & Production LLC (OOCEP) was established as an Omani upstream oil & gas company. History. As a subsidiary of Oman Oil Company SAOC (OOC), OOCEP is driven by upstream investments in line with OOCâs strategy of pursuing ⦠The nine integrating companies are Oman Oil Company; Orpic; Oman Oil Company Exploration and Production; Oman Gas Company; Duqm Refinery; Salalah Methanol Company; Oman Trading International; OXEA; and Salalah Liquified Petroleum Gas. Oman Oil Company Exploration & Production LLC (OOCEP) is an upstream oil & gas company based in the Sultanate of Oman. OOC signed an exploration and production agreement with BP in 2013, to further develop the Khazzan-Makarem gas field. A statement issued online by Oman News Agency (ONA), said: "Signing, at the Ministry of Energy and Minerals, a new petroleum agreement with Majan Energy in concession No. Creation of the Oman Oil Company was proposed in 1992 and the company was established in 1996. Oman Oil Company Exploration & Production LLC (OOCEP) is an upstream Oil & Gas company based in the Sultanate of Oman. Initially having operated as a division of Oman Oil Company SAOC (OOC), OOCEP is now a subsidiary of OOC following the Company⦠OOCEP is a subsidiary of Oman Oil Company S.A.O.C (OOC) with a primary focus on upstream investments as part of OOCâs strategy of pursuing local and international energy related investments. Oman Oil Company Exploration & Production LLC (OOCEP) was established as an Omani upstream oil & gas company. Oman Oil Company Exploration & Production LLC (OOCEP) was established as an Omani upstream oil & gas company. Oman Oil Company Exploration & Production LLC (OOCEP) was established as an Omani upstream oil & gas company. 71 of ⦠The first of these finds, named Bisat , was reported to be north of the currently producing Abu Butabul (ABB) field. In 2010, Oman Oil Company signed a joint-venture with JBF Industries to erect a Terephthalic acid-PTA plant. Oman Oil Company Exploration & Production (OOCEP), the wholly owned upstream arm of Oman Oil Company, holds the 40 per cent stake in Block 61. Oman is planning to invest over USD 20 billion in downstream projects in the next five years. Muscat: A new petroleum agreement has been signed between the Ministry of Energy and Minerals and Majan Energy. In 2014, OOC's CEO Ahmed Al Wahaibi was sentenced to ⦠Oman Oil Company Exploration & Production LLC (OOCEP) | 36,000 followers on LinkedIn. OOC holds interests in 16 blocks/contracts in Oman and stakes in a number of midstream and downstream projects. Enhanced oil recovery State-owned Oman Oil Company (OOC) is also planning to list 20% to 25% of its shares in an initial public offering by the end of 2020. In 2017, Oman Oil Company Exploration and Production (OOCEP) announced three significant oil and natural gas discoveries in Block 60. Energy major BP owns the balance 60 per cent and is also the operator of the Block, which came on stream last September with a current output of 1 billion cubic feet of natural gas per day. Muscat: Oman Oil Company Exploration and Production (OOCEP) and Shell Exploration have signed a Heads of Agreement (HoA) to collaborate on Oman Block 42. As a subsidiary of Oman Oil Company SAOC (OOC), OOCEP is driven by upstream investmentsin line with OOC's strategy of pursuing local and international energy related investments.Primarily an Omani organization, OOCEP makes investments to capitalize on Oman's experience in the oil ⦠To erect a Terephthalic acid-PTA plant ooc holds interests in 16 blocks/contracts oman! 2010, oman Oil Company Exploration & Production LLC ( OOCEP ) was established as an upstream! Bp in 2013, to further develop the Khazzan-Makarem gas field the Sultanate of.... Followers on LinkedIn oman and stakes in a number of midstream and downstream.! 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