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Divestment of Oman… With the divestment of its interest in Block 70 in Oman, Maha has continued its transformation. It will receive USD 2m upon this closing, and there is a potential for another USD 12m when certain milestones have been met. We had already removed Oman from our forecasts, which are thus unchanged. Group production has continued increasing q/q, with Q4 up 13% so far versus from Q3 and production currently at 80–90% of the level before the Maha Brazil divestment (completed in February 2023). We expect production to keep ramping up in the coming quarters.
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