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.
2021 In Numbers
| Crude Output | 752 | mn b/d |
| Condensate Output | 219 | mn b/d |
| Oil Rig Count | 38 | - |
| Gas Rig Count | 5 | - |
| GDP Growth | 3.5 | % |
13 Sep, 2024
Featured
Oman Eyes $2Bn From IPO Of Key Upstream Assets
Oman looks to raise $2bn from the 25% listing of OQ’s upstream subsidiary. MEES takes a look at the key assets in its portfolio.
OQEP’s Oman Upstream Assets
NEWS IN BRIEF
Oman’s OQEP Valued At $8bn In IPO
18 Oct, 2024
Total Secures LNG Bunker Vessel With Eye On Oman
11 Oct, 2024
Oman To Offer New Blocks
4 Oct, 2024
OQEP Hits The Road For Record IPO
27 Sep, 2024
Oman's Ara Targets Tanzania Gas
20 Sep, 2024
Oman: Thai LNG Sales Deal
20 Sep, 2024
China Runs Remain Low
20 Sep, 2024
GME: The New DME
6 Sep, 2024
SELECTED DATA
OQEP Net Gas Output (Mn Cfd) Steadily Rises
While Liquids Output Declines Following Block 60 Farm-Out(‘000 b/d)
Tethys Working Interest Output* Is Down 40% From 2019's Peak ('000 b/d)
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