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OQ Exploration and Production announced its audited first-half 2026 results on 16 August. The Oman company reported revenue growth of 12%, EBITDA growth of 10.6% and net-profit growth of 19.4% compared with the previous first half. Those comparisons concern the company's financial reporting period, not an immediate gain from one new well or a forecast for every future project.
Net working-interest production averaged 228,200 barrels of oil equivalent per day, up 2.7%. The reported mix was 53% oil and 47% gas. OQEP said unit operating costs remained below USD 9 per barrel of oil equivalent. These portfolio-level measures should not be assigned as costs or yields for each individual well. Oil and condensate sales totaled 11.6 million barrels, while gas sales reached 69.7 billion cubic feet.
The update described exploration success in Blocks 60 and 48 and ongoing exploration in Blocks 11, 18, 47 and 54. It also reported a Block 9 production-sharing agreement amendment with enhanced fiscal terms, a 35% interest acquired in Block 27 and an offshore Block 80 concession agreement with Turkish Petroleum. The source does not quantify the fiscal changes, so a specific tax reduction or new-well commitment should not be inferred.
For well-industry analysis, the results combine realized operating measures with changes in the investment portfolio. The announcement does not supply precise well coordinates or a complete list of drilling outcomes. Further project and financial disclosures would be needed to evaluate the new interests and contract terms. Keeping production, sales, exploration activity and fiscal amendments distinct allows the reported progress to be tracked without converting acreage transactions into completed wells or attributing all earnings growth to new discoveries.