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

ALL DATA 2018 UNLESS OTHERWISE INDICATED.

Economics & Finance

8 Jan, 2021

Featured

Oman Fiscal Dilemma Shows No Signs of Abating in 2021

Oman’s 2021 budget plans to drop spending in a bid to cope with lower oil prices and minimize borrowing, with serious consequences for the sputtering economy.

Oman's Debt Burden Has Ballooned In The Post-2014 Oil Price Climate ($bn)

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NEWS IN BRIEF

Oman: 2020 Condensate Record

15 Jan, 2021

Tethys Spuds Oman Wildcat

8 Jan, 2021

Oman Eyes India Refinery Exit

18 Dec, 2020

Oman: New State Oil Firm

11 Dec, 2020

Oman: Masirah Steps Up Operations

4 Dec, 2020

Egypt: Sepco 3 Bags 2.4GW Luxor IPP

4 Dec, 2020

Oman To Leverage PDO For $3bn

13 Nov, 2020

Petchems Under Review: In Oman

6 Nov, 2020

Oman Public Finances ($Bn): Muscat Ran A $2.3bn Deficit In H1, And Lower Oil Prices Will See The Damage Grow Further In H2

Oman's Electricity Generation (Twh) Hits Record 35.5Twh In 2019

1: Oman’s New Ghazeer Addition Could Push Condensate Output To 250,000 B/D, And Gas Output To Nearly 5.5bn CFD

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