PT Medco Energi Internasional Tbk (IDX:MEDC) agreed to acquire 20% stake in Block 60 producing and Block 48 exploration licenses in Oman from Oq Exploration And Production on November 28, 2023. OQEP will remain the Operator of both Blocks. The transaction is now expected to complete in December 2023.

PT Medco Energi Internasional Tbk (IDX:MEDC) completed the acquisition of 20% stake in Block 60 producing and Block 48 exploration licenses in Oman from Oq Exploration And Production on December 12, 2023.