Maha Energy to sell remaining stake in Omani Block 70
Swedish oil and gas company Maha Energy has announced plans to sell its 65% working interest in Oman’s Block 70 to Mafraq Energy.
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Swedish oil and gas company Maha Energy has announced plans to sell its 65% working interest in Oman’s Block 70 to Mafraq Energy.
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.
MUSCAT, DEC 13Swedish upstream energy firm Maha Energy has announced that its sale of a 35 per cent participating interest in Oman's Block 70 to Mafraq Energy LLC has been approved...