Companies
OQ Exploration and Production
Oman · Oil & gas (upstream) · State-controlled, listed · Muscat Stock Exchange: OQEP · Founded 2009 · Muscat
OQ Exploration and Production SAOG (OQEP) is OQ's upstream oil and gas company, incorporated on 20 May 2009 and listed on the Muscat Stock Exchange on 28 October 2024, according to Note 1 of its 2025 financial statements. The same note says OQ SAOC owns 75% of its shares and the remaining 25% are publicly held, with OQ wholly owned by the Oman Investment Authority. Its 2025 annual report describes a portfolio of 14 upstream assets, 13 onshore and one offshore. Audited 2025 revenue was RO 1,159.0 million (2024, restated: RO 1,242.8 million) and profit attributable to equity holders RO 278.0 million (2024: RO 321.3 million). Ashraf Al Mamari is chairman and Mahmoud Al Hashmi is Chief Executive Officer.
Verified · updated 24 Oct 2026
Key facts
OMR 1.16 bn
Revenue
OQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025·FY2025·source dated 24 Feb 2026·updated 24 Oct 2026·About this indicator
OMR 278 mn
Net income
OQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025·FY2025·source dated 24 Feb 2026·updated 24 Oct 2026·About this indicator
Ownership and relationships
- Chairman:Ashraf Hamad Al MamariOQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025 · source dated 9 Jun 2026 ↗
- Chief Executive Officer:Mahmoud Al HashmiOQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025 · source dated 9 Jun 2026 ↗
- majority shareholder:OQ· 75%
OQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025 ↗·as of 31 Dec 2025·source dated 24 Feb 2026·updated 24 Oct 2026
Key people
- Mahmoud Al Hashmi · Chief Executive Officer, OQ Exploration and Production
History
| Key indicators | Period | Value | Source |
|---|---|---|---|
| Revenue | FY2025 | OMR 1.16 bn | OQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025·FY2025·source dated 24 Feb 2026·updated 24 Oct 2026 |
| Revenue | FY2024 | OMR 1.24 bn | OQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025·FY2024·source dated 24 Feb 2026·updated 24 Oct 2026 |
| Net income | FY2025 | OMR 278 mn | OQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025·FY2025·source dated 24 Feb 2026·updated 24 Oct 2026 |
| Net income | FY2024 | OMR 321.3 mn | OQ Exploration and Production SAOG — Annual Report 2025 with audited consolidated and separate financial statements, 31 December 2025·FY2024·source dated 24 Feb 2026·updated 24 Oct 2026 |