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.

2019 In Numbers
Crude Output 0.88 Mn b/d
Crude Exports 0.81 Mn b/d
Gas Output 40.88 bcm
Gas Exports 11.21 bcm
Oil Rig Count 45
Gas Rig Count 7

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

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SELECTED DATA

Oman’s Oil Rig, At 34 For July, Is Also At The Lowset Since 2013

1: Oman Key Products Output (‘000 B/D) Averaged Just 164,000 B/D In Q2 - The Lowest Since 1Q 2017

2: Oman Refinery Output (‘000 B/D) Averaged 256,000 B/D In 2019

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