Norwegian oil and gas operator DNO announced that its wholly-owned subsidiary DNO Oman Block 8 Ltd has relinquished the operatorship of the sultanate's offshore Block 8, which is the only operational offshore oil field in Oman. The handover follows the expiry of the 30-year commercial term of the exploration and production sharing agreement between Oman's government and DNO. Effective January 4, Block 8 will be operated by Musandam Oil and Gas Company, a fully-owned subsidiary of Oman Oil Company Exploration and Production (OOCEP).
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