Genel is partnering with OQ Exploration & Production SAOG (“OQEP”) at Block 54 in the Sultanate of Oman. Block 54 (the Karawan Concession) is on the eastern side of the South Oman Salt Basin and immediately adjacent to existing production activities. The block holds existing discovered resources as well as further exploration potential, in a jurisdiction renowned for stable regulatory conditions and strong partnerships with International Energy Companies.
During 2025, our preliminary activity, re-entry and testing of the legacy Batha West-1 (BW-1) discovery well was completed safely, ahead of time, and under budget. The BW-1 well operation was a low-cost preliminary activity to commence our work on the block, representing the first of a number of steps towards understanding the full potential of the licence. 2026 activity will be dominated by existing 3D seismic reprocessing and new 3D seismic acquisition and processing whilst planning for and working towards the drilling of the joint venture’s first well on the licence.
