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Petrogas E&P

Oman

Address: Way No: 6826, Building No: 1742/ 18-Nov Street, Azaiba

Tel: +968-24527900

Web: www.petrogasllc.com

Company description

Petrogas E&P is the holding company for MB Holding Company’s exploration and production activities in Oman and overseas, namely Petrogas LLC, operator of Block-7 in Oman; Mazoon Petrogas SAOC which holds 50% interest in Block-5 in Oman and 50% stake in the operator company Daleel Petroleum. Also through its Indian project office, Petrogas E&P manages three exploration concessions, being operator in one. The company has added two more subsidiaries under its fold in 2007 -- Petrogas Malih which holds 50% interest in the Exploration Block 45 & 48 and Petrogas Rima (company formed in Jan’08) holding 75% interest in the Rima Small Fields Service Contract awarded to Petrogas E&P by Petroleum Development Oman. Finally, Petrogas E&P acquired a 30% interest in oil producing Area A, onshore Egypt, operated by Oil Search Eastern Desert.

Products and services

Petrogas E&P was awarded (under NELP VI) three exploration blocks in India as a part of three consortia. In all the three blocks, Petrogas has a 20% working interest and it is the operator for the Block MB-OSN-2004/2, with GAIL (India) Limited, Hindustan Petroleum Corporation Limited, Gujarat State Petroleum Corporation and Indian Oil Corporation as non-operating partners.
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