Oman

Oman has emerged as an upstream hotspot, with majors 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 kept oil output at around 1mn b/d in recent years. But the real story is Oman’s gas renaissance. Oman is exporting around 12mn t/y of LNG on the back of recent capacity expansion and new projects are on the horizon.

2024 In Numbers

Crude Output	762,000	b/d
Gas Output	5.26	bn cfd
LNG Exports	12.06	mn tons
Power Capacity	11.3	GW
Renewable Capacity	1.7	GW

Oil & Gas

23 May, 2025

Featured

Oman’s OQEP Set For Gas-Focused Expansion Drive

Oman’s state upstream firm OQ Exploration and Production (OQEP) has a full in-tray as it grows its domestic operations. A string of new discoveries at IOC-operated blocks, along with planned expansions, are setting it up for rapid growth.