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 | % |
23 Jul, 2021
Featured
Oman Unveils 2021 Upstream Bid Round
The sultanate is offering up three relatively-marginal blocks. Onshore acreage adjoining areas targeted for shale exploration may prove the most attractive.
Oman's Recent Upstream Bid Rounds
NEWS IN BRIEF
US Sanctions Omani Oil Broker & Businesses
20 Aug, 2021
BP-PTT Oman Sale: A ‘Bargain’?
30 Apr, 2021
Oman: Record Condensate Output
23 Apr, 2021
Tethys Oman Well Disappoints
26 Mar, 2021
Oman: Masirah Completes Offshore Upgrade
19 Mar, 2021
EOG Expedites Oman Plans
5 Mar, 2021
Total Plans Solar-Powered Oman LNG Bunkering
26 Feb, 2021
Oman: Masirah Targets 30,000 B/D By End-March
26 Feb, 2021
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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