Latham Advises OQEP on Acquisition of Stake in Block 27

Latham & Watkins has advised OQ Exploration and Production Company (OQEP), Oman’s largest pure-play oil and gas exploration and production company, on its acquisition of a 35% stake in Block 27 from Mitsui E&P Middle East. The transaction forms part of OQEP’s strategy to expand its domestic upstream portfolio.

Block 27 is a producing asset in Oman operated by Occidental Petroleum, which holds a 65% participating interest. The acquisition is expected to add around 3,500 barrels of oil equivalent per day to OQEP’s net production in 2026.

The Latham team was led by Singapore corporate partner James Clayton-Payne and counsel Penelope Davey, with associate Cher Lin Chin and Hong Kong associate Rita Hong. Oil & gas sector advice was provided by Singapore counsel Rob Thompson, with associate Hui-Yan Chew.