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
Oil & Gas

28 Aug, 2026

Featured

Oman’s Abraj: Fracking Can Unlock Billions Of Barrels Of Heavy Oil

Oman is increasingly reliant on EOR to sustain oil output, and state firms are now examining whether fracking could unlock heavy oil reserves.
PDO Has Gradually Reversed Declines In Oil* Output Since 2007 ('000 b/d)
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NEWS IN BRIEF

Doosan To Build 1.7GW Misfah Plant In Oman

28 Aug, 2026

OQEP Plans To Explore Offshore Musandam In 2027

28 Aug, 2026

Oman JBB Wind Project Reaches Financial Close

14 Aug, 2026

Oman Block 54 Partners Plan First Well In 2027

7 Aug, 2026

EDF Awards 500MW Oman Solar EPC

24 Jul, 2026

OQ Subsidiaries Book Increased 1H Profits

17 Jul, 2026

Oman: Omfico IPO Raises $678mn

3 Jul, 2026

Oman Awards Block 80

26 Jun, 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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