Maha Energy and Mafraq Energy have entered into a Joint Operating Agreement ( JOA ) for Block 70 in Oman. Maha has assigned a 35% work interest to Mafraq Energy, while retaining a 65% interest.
Maha Energy has entered into an Agreement with Mafraq Energy for Maha to reduce the Participating Interest in the Block 70 Exploration and Production Sharing Agreement ( EPSA ) in Oman from 100% to 65%. Maha will continue to be the Operator of the Block.