Omani state-led firm PDO says it plans to boost crude output to 700,000 b/d by 2024 – an 84,000 b/d increase over 2019 volumes and what would be the highest figure since 2003.
The announcement accompanied 2019 production figures for the firm, which in addition to 616,000 b/d of crude output, also included a 44% rise in condensate output to 94,000 b/d and 2.2bn cfd of natural gas. This reinforces the firm’s leading position in Oman, making it responsible for 73% of liquids output and just under half of gas production in the Sultanate. The 60% state-owned firm – which partners with Shell (34%), Total (4%) and PTT-owned Partex (2%) – pointed to the Rabab Harweel integrated gas/liquids project as a key factor behind its liquids boost last year. PDO is busy with projects elsewhere, including a similar project at Yibal Khuff set for 1Q 2020 completion and the recent startup of a 100MW solar plant intended to curb in-field gas consumption (MEES, 5 June). (CONTINUED - 152 WORDS)