Petrogas banks on Dutch experience
The Omani firm hopes to bring learnings from its Netherlands’ acquisition to bear on its entry into the UKCS
Privately-held Omani oil producer Petrogas teamed up in July with Neo E&P, a vehicle of Norwegian private equity (PE) firm Hitec Vision, to buy a swathe of assets on the UK continental shelf (UKCS) from Total for $635mn. The stakes in 10 fields, seven with operatorships, had previously belonged to Denmark's Maersk and were acquired by Total in 2018. Petrogas' CEO Usama al Barwani spoke to Petroleum Economist about how the firm was aiming to leverage its experience in the Dutch sector of the North Sea to grow its new UKCS business. There have been relatively few recent international new entrants into the North Sea, with players preferring US shale or frontier deepwater. Why is Petrogas bu
Also in this section
18 November 2025
The oil powerhouse will not just join the top five crude exporters in the coming years, it may be a model for how petrostates balance growth, policy and sustainability
18 November 2025
In the second of this two-part series, we look at Shell’s refocusing on returns and the speculation surrounding a potential takeover of BP
18 November 2025
For the first time in its illustrious history, the WPC Energy Congress will convene in Saudi Arabia, bringing together leaders, innovators, and changemakers to chart “Pathways to an Energy Future for All.”
18 November 2025
Vicki Hollub, president and CEO of Occidental, has been selected as the 2026 recipient of the Dewhurst Award, the highest honour bestowed by WPC Energy. The Dewhurst Award celebrates exceptional leadership, groundbreaking innovation and a lifetime of significant achievements in sup-port of the development and advancement of the energy industry.
