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.
| 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 |
27 Mar, 2020
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Key IOCs are cutting 2020 capex by 20% or more with plans to defer projects wherever possible. Abu Dhabi will be hit, but Oman with its combination of high-ticket complex projects and a reliance on not just majors but also cash-strapped Occidental, will be hit more.
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