Middle East


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
Oil & Gas

1 May, 2020


Oman: Firms, Government In Tight Spot As 30% Output Cut Looms

Oman has been laudably transparent in its even divvying up of output cuts among the country’s producers. Both operators and Muscat itself face acute pain.

Oman Is Set To Cut Current Crude Production By 285,000 B/D (Or 30%) As Per Its Opec+ Pledge. Condensate Will Remain Steady (‘000 b/d)
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Oman: Post-Arab Spring Spending & 2014 Oil Price Crash Saw Oman’s Debt Skyrocket From $4bn To $46bn In Just Five Years

Oman's Electricity Transmission* On Track To More Than Double Over 2010-19 (Twh)

OETC Earnings And Revenue Have Flatlined ($Mn)

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