Middle East

Oman

Oman has emerged as an upstream hotspot, with major’s flocking to expand their footprint in a bid to emulate the successes of the BP-led Khazzan tight gas field.

State of Play

The Sultanate has steadily maintained oil output at just shy of 1mn b/d in recent years. But the real story is Oman's gas renaissance. Oman LNG is operating near its 10.5mn t/y capacity on the back of BP's Khazzan start up. And new projects are on the horizon.

2020 In Numbers
Crude Output 762 '000 b/d
Condensate Output 189 '000 b/d
Oil Rig Count 39 -
Gas Rig Count 6 -
GDP Growth -6.4 %
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SELECTED DATA

Oman's Crude Output, At 730,000 b/d For Q1, Is Down 120,000 b/d Year-On-Year With Opec+ Restrictions, But Condensate At 223,000 b/d Is Level With The Record Set In Q4 Last Year ('000 b/d)

Oman’s Top LNG Customers: India Climbs To Third Place For 2020 (mn tons)

Oman Gas Output Hit A Record 44.7bcm For 2020 Despite A Slump In Associated Volumes In Line With Crude Output (bcm)

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