OQEP is Oman’s largest pure-play oil and gas exploration and production company, and the only upstream oil and gas operator owned by the Government of Oman. It has a portfolio of 14 upstream oil and gas assets in Oman. In 2024, it produced 228,000 barrels of oil equivalent per day (kboepd). In October 2024, the company listed 25% of its share capital in an IPO, becoming the largest company on the MSX. The offering was oversubscribed 2.7 times, raising over $2 billion.