Middle East

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
Power & Water

3 Jul, 2026

Featured

Oman Plans Ambitious Power Sector Reforms

The new master plan for Oman’s power grid entails more renewables, interconnections and battery storage. The first BESS units will be online imminently.
Oman Plans To Reach 30% Renewable Energy Generation By 2030 (TWh)
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NEWS IN BRIEF

OQ Subsidiaries Book Increased 1H Profits

17 Jul, 2026

Oman: Omfico IPO Raises $678mn

3 Jul, 2026

Oman Awards Block 80

26 Jun, 2026

Enppi Wins $335mn Gas Contract In Oman

22 May, 2026

Oman Q1 Deficit Shrinks Ahead Of Oil Windfall

22 May, 2026

Oman: OQEP To Farm In At Block 27

17 Apr, 2026

Oman Renews Contracts For 3.5GW Of Gas-Fired Power

10 Apr, 2026

New Crude Supplies For Oman’s Duqm Refinery

10 Apr, 2026

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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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