Petronas signs concession agreement for Block 18 offshore Oman

PCOVL assumes operatorship of Oman’s Block 18, partnering with OQ Exploration and Production Batinah Offshore LLC.

Feb. 13, 2026

Petronas subsidiary PC Oman Ventures Ltd. (PCOVL) signed a concession agreement with the Government of the Sultanate of Oman for the exploration of oil and gas in Block 18.

Upon signing this agreement, PCOVL assumes operatorship of Block 18 in partnership with OQ Exploration and Production Batinah Offshore LLC (OQEP).

Block 18 is a large offshore exploration area spanning more than 21,000 sq km in Northeast Oman. It offers frontier exploration potential across diverse geological settings, from shallow to ultradeep water.