Petroleum Development Oman (PDO: state firm Energy Development Oman 60%, Shell 34%, TotalEnergies 4%, PTTEP 2%) accounts for well over 70% of the sultanate’s 1.06mn b/d oil output (see chart 1). And it aims to lean in to the energy transition to enable it to grow output over the years to come.
PDO: Can ‘Carbon Competitive’ Oil Make It A ‘Last Man Standing’ Producer?
The EOR-heavy portfolio of Oman’s PDO puts the Sultanate at a disadvantage versus its Gulf peers in an energy transition contest for the lowest-emission hydrocarbons. Undeterred, Oman’s dominant producer is setting out a roadmap to slash emissions and leave it as the ‘last man standing’.
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Charts
1: PDO Accounts For Over 70% Of Oman Liquids Output and Plans To Hike Production To 850,000 b/d Over The Coming Years (‘000 b/d)
2: Oman State Revenues ($bn): Oil & Gas Account For Almost 80% Of The Total
3: Both PDO’s Ghg Emissions And Emissions Intensity Have Fallen In Recent Years
Maps
Petroleum Development Oman’s Key Projects
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