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Maha Energy to sell remaining stake in Omani Block 70 - Vimarsana News

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.

Maha Energy, Mafraq Energy partner for Oman's Block 70 - Vimarsana News

Maha Energy, Mafraq Energy partner for Oman's 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.

Maha Energy, Mafraq Energy partner for Oman's Block 70 - Vimarsana News

Maha Energy, Mafraq Energy partner for Oman's 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.

Royal Decree ratifies Maha Energy's stake sale in Block 70 - Vimarsana News

Royal Decree ratifies Maha Energy's stake sale in 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...