Energy
Ministry Signs Addendum to Concession Agreement for Block-5

Muscat,
17 Nov 2025 (ONA) — The Ministry of Energy and Minerals signed an additional
addendum to the Exploration and Production Sharing Agreement (EPSA) for Oil
Concession Block (5), located in the A’Dhahirah Governorate and operated by Daleel
Petroleum.

Signing
the agreement on behalf of the Government of the Sultanate of Oman was Eng. Salim
bin Nasser Al Aufi, Minister of Energy and Minerals. Also participating in the
signing were Mohammed Ali Al Barwani, Chairman of Mazoon Petrogas SAOC, and Wang
Guihai, Vice President of Mazoon Petrogas Limited.

This
signing comes within the framework of the Ministry of Energy and Minerals’
efforts to maintain annual oil and gas production levels and increase the
volume of future reserves. This aligns with its mission to regulate and develop
the energy and minerals sectors, ensuring the optimal utilization of national
wealth according to the highest standards of occupational health, safety, and
environmental protection.

The
new addendum introduces a stimulating financial mechanism that contributes to raising
production rates through the development of producing fields and continuing
exploration work using the latest technologies in the oil and gas sector. The
agreement also includes a commitment to intensify drilling activities and
enhanced oil recovery (EOR) programs, which is consistent with the Ministry of
Energy and Minerals’ vision for developing and utilizing energy resources with
high efficiency and innovation to support the national economy.

Daleel
Petroleum is considered one of the leading companies in managing oil fields
with high efficiency by reducing operating costs and increasing production. The
company has also achieved an Omanisation rate of 98 percent, confirming its
commitment to supporting local content through the development of national
capabilities and the empowerment of small and medium enterprises (SMEs). Over
the past five years, the company has spent more than RO 4 million on projects
serving the local community.

—Ends/AG