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.

2021 In Numbers

Crude Output	752	mn b/d
Condensate Output	219	mn b/d
Oil Rig Count	38	-
Gas Rig Count	5	-
GDP Growth	3.5	%

Economics & Finance

24 Feb, 2023

Featured

Oman Export Revenues Leap 47% To Record $66bn For 2022

Oman’s record 2022 export earnings were largely thanks to soaring oil and gas prices. But ramp-up of the new Liwa petchems plant was also a key factor.

Oman’s Record 2022 Export Revenues Were Driven By Record Oil And Gas Exports ($bn)

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NEWS IN BRIEF

Oman’s Abraj: $498mn Valuation

10 Mar, 2023

Oman: Planned Bid Round

3 Mar, 2023

Oman Eyes 1GW Solar Financing

3 Mar, 2023

Oman: Block 60 Oil Field Inauguration

27 Jan, 2023

Oman: New 365,000 t/y Ammonia Plant Inaugurated

20 Jan, 2023

Oman’s Ras Markaz Storage: First Crude Cargo

13 Jan, 2023

Oman Eyes Geothermal Energy

18 Nov, 2022

Oman’s Duqm Refinery Set For End-2023 Start-Up

18 Nov, 2022

Oman's Crude Output, At 730,000 b/d For Q1, Is Down 120,000 b/d Year-On-Year With Opec+ Restrictions, But Condensate At 223,000 b/d Is Level With The Record Set In Q4 Last Year ('000 b/d)

Oman’s Top LNG Customers: India Climbs To Third Place For 2020 (mn tons)

Oman Gas Output Hit A Record 44.7bcm For 2020 Despite A Slump In Associated Volumes In Line With Crude Output (bcm)

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