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.

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
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SELECTED DATA

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)

1: Oman Key Products Exports Back Above 100,000 B/D Following Q4 Maintenance

2: Add In LNG And 'Products' Provided 26% Of Oman's 2019 Oil & Gas Export Revenues ($Bn)

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