|
1999 |
Petrogas LLC is established
in January 1999 and acquires
Block-7 (Butabul) contract
area in Oman from Elf
Petroleum. Petrogas LLC
becomes the operator with a
100% working interest. |
|
|
2001 |
Mazoon Petrogas SAOC is
formed and acquires Block-5
(Wadi Aswad) contract area
from Japex in January 2001. |
|
|
2002 |
Mazoon Petrogas SAOC sells
50% working interest in
Block-5 to China National
Petroleum Corporation (CNPC).
Daleel Petroleum LLC
is formed as a jointly owned
operating company for
Block-5. |
|
|
2005 |
Petrogas E&P LLC is
established to hold all
Group’s interest in Oil and
Gas Exploration and
Production. It currently
includes the management of
our interest in Petrogas LLC
operator (100%) for Block -7
as well as in Daleel
Petroleum LLC (50%). It also
hosts a New Business
Development team handling
the evaluation and
acquisition of new E&P
assets. Petrogas E&P LLC’s
geographical area of
interest is primarily the
Middle East, Africa and the
Indian Sub-Continent. |
|
|
2006 |
Petrogas E&P LLC, as a part
of the consortium partner
were awarded 3 exploration
blocks in India under the
NELP VI bidding round. These
blocks include two shallow
water offshore blocks in
Mumbai basin and one onshore
block in KG basin. Petrogas
E&P LLC is the operator for
one offshore block. |
|
|
2007 |
Petrogas E&P India project
office is opened in Gurgaon,
India to oversee the E&P
activities of the three
recently awarded and to look
for new opportunities in
India.
Exploration activity in
the blocks started.
Petrogas E&P through
competitive bidding acquires
30% equity in Area A block
in Egypt. The block
comprises of 2 exploration
concessions and 4
development leases situated
onshore along the western
flank of Gulf of Suez,
Egypt.
Petrogas E&P farmed in block
45 & 48, onshore Oman with
50% interest. Subsequently
the interest is assigned to
its subsidiary Petrogas
Malih. Maersk is the
operator and 50%
holder of the block. |
|
|
2008 |
Rima
cluster of small fields,
onshore Oman is awarded by
PDO to
Petrogas Rima, remaining a wholly owned
subsidiary of Petrogas E&P.
The Rima cluster consists of
9 producing fields and 9
unconnected accumulations
currently producing some
2000 BOPD. |
