Press Release
PTTEP, MEM, and their partners sign an agreement to extend the Block 53 concession in Oman
Mr. Montri Rawanchaikul (far left), Chief Executive Officer of PTT Exploration and Production Public Company Limited (PTTEP), together with H.E. Salim Bin Nasser Al Aufi (center), Minister of Energy and Minerals (MEM); Ms. Vicki Hollub (2nd from left), President and Chief Executive Officer of Occidental Petroleum; Mr. Ashraf Al Mamari (2nd from right), Group Chief Executive Officer of OQ; and Mr. Rashed Al Blooshi (far right), Director, Non-Operated Assets of Mubadala Energy, signed an agreement to extend the Exploration and Production Sharing Agreement (EPSA) for Block 53 through 2050. The agreement aims to ensure the continued operation of the Mukhaizna field—one of Oman’s major onshore oil fields—reinforcing the country’s energy sector and contributing to its economic growth. The signing ceremony was held in Muscat, Oman.
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