Petrogas E&P LLC

Petrogas E&P LLC is a limited liability company registered and incorporated in the Sultanate of Oman actively engaged in acquisition, operation and management of oil and gas properties. The company is fully owned by MB Holding and in turn is the holding company to its subsidiaries Petrogas LLC, Mazoon Petrogas SAOC, Petrogas Malih, Petrogas Rima and Petrogas E&P (India) Limited.


Petrogas LLC (Block 7)
Petrogas LLC was established in January 1999, and in the same year acquired Block 7 (Butabul) Oil and Gas concession in Oman from Elf Petroleum and became the sole operator of Block 7.

Mazoon Petrogas SAOC (Block 5)
Mazoon Petrogas SAOC and Daleel Petroleum Company (Block 5)

In January 2001, Mazoon Petrogas SAOC acquired Block 5 (Wadi Aswad) oil and gas concession from Japex and became the 100% owner and operator of Block 5. Subsequently the company sold its 50% rights in Block 5 to CNODC a subsidiary of China National Petroleum Corporation (CNPC). The two shareholders then formed a joint venture, Daleel Petroleum Company, to operate Block 5.

For the year 2007, we hereby disclose that the Government Entitlement for 
Block 5 was US$ 96,465,933.00.
 
Petrogas Malih (Block 45 & 48)
Petrogas Malih was established in 7th November , 2007 with an intent to manage Block 45 & 48 , Oman where we farmed-in with 50% interest.

Petrogas Rima (Small fields : Rima clusters)
Petrogas Rima was established in 8th January 2008 with an intent to manage and operate the Rima clusters of small fields on behalf of PDO.

Petrogas E&P (India) Limited
Petrogas E&P (India) Limited (wholly owned subsidiary of Petrogas E&P LLC) is a company incorporated in British Virgin Islands and established for future E&P acquisitions in India.