OQ Exploration and Production SAOG (OQEP) is one of OQ SAOC companies, Oman’s leading integrated energy group, managing and developing investments across the energy value chain.
OQEP is Oman’s largest pure-play oil and gas exploration and production company and it is the only upstream oil and gas operator owned by the Government of Oman. OQEP currently ranks among the top three oil and gas producers and is also one of the largest holders of oil and gas reserves in Oman.
Since inception, OQEP has witnessed significant growth, expanding its average daily production nearly 14 times, and averaging 246 kboe/d on a working interest basis by 2023. In 2023, its total production constituted approximately 14 per cent. of Oman’s total oil, gas and condensate production for the year.