Mitsui & Co., Ltd.
Partial Sale of Onshore Oil and Gas Field Interests in the Sultanate of Oman
Mitsui & Co. has entered into an agreement to sell the interests of its subsidiary MEPME in Onshore Oil & Gas Fields Blocks 3&4 and 9 in Oman to Kistos Energy Middle East Limited for USD 148 million (approx. JPY 23.2 billion).
Key Figures
- Sale Price: USD 148 million (JPY 23.2 billion)
- Equity Interest Sold: Block 3&4 20%, Block 9 5%
- Contract Signing Date: 2025-12-08
AI要約
Overview of the Sale
Mitsui & Co., Ltd. decided to sell its entire equity interests in Onshore Oil & Gas Fields Blocks 3&4 and 9 in Oman, held through its wholly-owned subsidiary Mitsui E&P Middle East B.V., to Kistos Energy Middle East Limited, and signed the equity sale and purchase agreement on December 8, 2025. The sale price is USD 148 million (approx. JPY 23.2 billion), and the transaction is scheduled to be completed during the fiscal year ending March 2026 upon fulfillment of conditions precedent such as approval from relevant authorities.
Future Outlook and Business Strategy
The gain from this sale is expected to be recorded in the fourth quarter of the fiscal year ending March 2026 and is already included in the consolidated earnings guidance announced on November 5, 2025. Mitsui & Co. will continue to promote its upstream energy business as one of its core operations, strengthening its earnings base and contributing to stable energy supply and sustainable societal development.
