Masar Petroleum SAOC

What Masar Petroleum SAOC does

Masar Petroleum SAOC is a privately held Omani oil and gas exploration and production company founded in 2015 (originally as Hydrocarbon Finder E&P, rebranded October 2024). The company owns 100% of Block 7 in Sahmah, Oman, a 2,300 sq. km concession granted by the Government of Oman containing three producing fields (Sahmah, Ramlat, and Rija) with light quality crude averaging 44° API, sold as 'Oman Blend.' Block 7 infrastructure includes processing capacity up to 21,000 gross bpd, export pipeline capacity up to 6,000 bopd, 11k bbls of oil storage, gas compression, and produced water injection facilities. The company also holds 90% of Block 15.

The company's revenue model is commodity-based crude oil sales to domestic and international refiners and traders, with oil trucked 41 km to a pumping station and exported through a 58 km pipeline reaching Mina Al Fahar port in Muscat. Pricing is determined by global market rates for Oman Blend crude. Masar Petroleum has developed RaQeeb, a proprietary software platform for integrated operational data management and visualization, and employs IoT smart oilfield technology, AI-powered predictive maintenance and anomaly detection, and high-speed satellite connectivity (Starlink, deployed May 2025).

The company is currently expanding its resource base through the 2025 Hasirah Ridge discovery in Block 7, which identified 100-380 million barrels of prospective resources, with first production targeted for Q4 2028. Strategic operations are supported by a partnership with S&T (a GCC contracting firm) and a leadership team comprising former PDO executives. The company maintains offices in Muscat (headquarters) and the Sahmah operational area, employs approximately 56 people, and reports a seven-year streak without lost-time injuries.

Name

Masar Petroleum SAOC

Legal name

Masar Petroleum SAOC

Website

https://masarpetroleum.om

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Masar Petroleum SAOC is a privately held Omani upstream oil and gas company that owns 100% of Block 7 in Sahmah, producing and selling 44° API 'Oman Blend' crude oil to domestic and international refiners and traders via pipeline to Mina Al Fahar port.

Ownership category

akta.pro rank

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Crude Oil Sales: Masar Petroleum generates revenue through the production and sale of crude oil from Block 7. The company produces light quality oil with average gravity of 44° API, sold as 'Oman Blend'. Oil is trucked to a pumping station and transported through export pipeline to Mina Al Fahar port in Muscat for sale to refiners and traders.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Masar Petroleum SAOC explores for, develops, and produces crude oil from its 100%-owned Block 7 concession in Sahmah, Oman, producing light quality oil averaging 44° API sold as 'Oman Blend' to domestic and international refiners and traders. The company also operates its proprietary RaQeeb software platform to integrate operational, well, and reservoir data for real-time decision support across its fields.

Product overview

Masar Petroleum SAOC is an oil and gas exploration and production company operating as a single-segment business focused on upstream activities. The company operates primarily through its 100%-owned Block 7 asset in Oman and its proprietary RaQeeb software platform. Block 7 contains three producing fields (Sahmah, Ramlat, and Rija) with established infrastructure for processing, storage, and export. The RaQeeb platform serves as the company's digital integration tool for operational data management and visualization, supporting real-time decision-making across field operations. The company's operations integrate advanced technologies including IoT-based smart oilfields, AI-powered analytics, and seismic exploration capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• Block 7 Operations 100%-owned upstream asset covering approximately 2,300 sq. km in Sahmah, Oman, with three producing fields (Sahmah, Ramlat, Rija) producing light crude oil averaging 44° API sold as 'Oman Blend'. Infrastructure includes processing capacity up to 21,000 gross bpd, well test facilities, gas compression, oil storage of 11,000 bbls, and produced water injection facilities serving refiners and traders in domestic and international markets.
• RaQeeb Proprietary software platform developed by Masar Petroleum to integrate and visualize operational data across the company's upstream assets. Eliminates data silos, enhances visibility, and provides real-time insights for managing well data and transforming operational workflows in oil and gas exploration and production.

Quantifiable outcome

• Up to 380 million barrels of prospective resources identified in Hasirah Ridge discovery
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature4 records

Partnerships

One partnership is on record.

• S&TcoreStrategic or Co-development Partner · 1 January 2024Masar Petroleum has established a key strategic partnership with S&T, one of the leading contracting firms in the GCC region. This partnership enhances Masar Petroleum's operational capabilities in execution of exploration and production activities in Block 7.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Petroleum Development Oman (PDO): Oman's dominant national operator and the historical employer of Masar's leadership. Functions as both a critical infrastructure provider (Masar's export pipeline runs through PDO's network) and the benchmark incumbent for Omani E&P operating standards.

Emerging players

• Maha Energy: Small-cap upstream operator with producing assets in Brazil and a tie-back development in the MENA region. Comparable as a focused, asset-concentrated E&P pursuing secondary redevelopment of mature fields.
• Predator Oil & Gas: Smaller upstream company with a focused footprint in Morocco and Trinidad, pursuing onshore appraisal and development. Comparable as a small, asset-concentrated E&P with digital/operational discipline applied to a niche asset base.

Direct peers

• Tethys Oil: Sweden-listed upstream company with Oman Blocks 3 and 4 as its core producing assets. Comparable as a small-mid cap, Oman-centric E&P selling into the same crude marketing ecosystem.
• CC Energy Development (CCED): Oman-focused E&P company with producing assets in Blocks 3 and 4. Highly comparable as a mid-size Omani independent producer selling crude internationally, sharing the same Oman regulatory regime and infrastructure dependencies.
• Medco Energi Internasional: Southeast Asian-headquartered E&P company with MENA and international assets. Comparable as a regionally diversified upstream operator with similar mix of mature producing assets and exploration upside.
• Daleel Petroleum: Omani upstream operator producing from Block 5 with similar small-mid scale, PDO-linked leadership, and a single-country E&P profile — directly comparable in asset size, marketing approach (B2B crude sales), and Oman regulatory exposure.
• OQ Exploration & Production (OQEP): Oman's national listed E&P company and the largest domestic operator. Directly comparable as a same-country, same-customer-base upstream peer, though materially larger in scale and asset breadth.
• Petrogas E&P Oman: Oman-focused E&P operator holding multiple concessions and selling crude and gas into similar domestic and export channels. Comparable as a same-geography upstream peer with B2B offtake to refiners and traders.
• Ara Petroleum: Independent Omani E&P company operating Block 31 with PDO-origin leadership. Comparable as a domestic upstream peer of similar scale and Oman-centric GTM motion.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/masarpetroleum

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Masar Petroleum SAOC