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.

2020 In Numbers

Crude Output	762	'000 b/d
Condensate Output	189	'000 b/d
Oil Rig Count	39	-
Gas Rig Count	6	-
GDP Growth	-6.4	%

Oil & Gas

19 Feb, 2021

Featured

Oman Capitalizes On Opec+ Condensate Exemption With 2020 Output Surge

Oman was able to largely offset the impact of Opec+ crude cuts in 2020 with record condensate output. Gas production also surged to record highs.

Oman Oil Output Fell Only Modestly Last Year As Record Condensate Almost Made Up For Opec+ Crude Cuts (‘000 B/D)

Choose Sections

NEWS IN BRIEF

BP-PTT Oman Sale: A ‘Bargain’?

30 Apr, 2021

Oman: Record Condensate Output

23 Apr, 2021

Tethys Oman Well Disappoints

26 Mar, 2021

Oman: Masirah Completes Offshore Upgrade

19 Mar, 2021

EOG Expedites Oman Plans

5 Mar, 2021

Total Plans Solar-Powered Oman LNG Bunkering

26 Feb, 2021

Oman: Masirah Targets 30,000 B/D By End-March

26 Feb, 2021

Shell Eyes Oman Gas Expansion

19 Feb, 2021

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

Oman Oil Output Fell Only Modestly Last Year As Record Condensate Almost Made Up For Opec+ Crude Cuts (‘000 b/d)

Oman LNG Exports Dipped In 2020 But Were Still The Third Highest On Record (mn t/y)

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