Investment cuts over 2020-21 amid the Covid-induced market crash have taken their toll on crude oil production capacity in Oman, with the sultanate struggling to increase overall production in line with the easing Opec+ restrictions (MEES, 28 January).
Output from Oman’s Blocks 3&4 (CCED 50%op, Tethys Oil 30%, Mitsui 20%) dropped to a six-year low 37,120 b/d in 2021. Production exited 2021 even lower at 35,000 b/d in December, with Tethys blaming operational issues earlier in the year as Opec+ restrictions. (CONTINUED - 1163 WORDS)
