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UK-based Kistos secures Royal Decree from Oman for $148M acquisition of Blocks 3 and 4
UK-based energy company Kistos has secured a Royal Decree from the Sultanate of Oman for its acquisition of onshore Blocks 3 and 4 from Mitsui E&P Middle East. Formal completion of the sale and purchase agreement is expected soon. The total consideration for the acquisition of Blocks 3, 4, and 9 is $148 million, which Kistos expects to double its current production and 2P reserves, adding 25.6 million barrels of oil equivalent.
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