Middle East
Oman
Oman has emerged as an upstream hotspot, with majors 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 kept oil output at around 1mn b/d in recent years. But the real story is Oman’s gas renaissance. Oman is exporting around 12mn t/y of LNG on the back of recent capacity expansion and new projects are on the horizon.
2024 In Numbers
| Crude Output | 762,000 | b/d |
| Gas Output | 5.26 | bn cfd |
| LNG Exports | 12.06 | mn tons |
| Power Capacity | 11.3 | GW |
| Renewable Capacity | 1.7 | GW |
NEWS IN BRIEF
Oman Signs PPA For 125mw Wind Project
14 Nov, 2025
Oman’s OQEP Eyes Regional Expansion
7 Nov, 2025
EDO Taps Debt Market For $130mn
10 Oct, 2025
Eni Finds Gas In Oman, Is It Commercial?
26 Sep, 2025
Oman Awards First Solar Battery Project
26 Sep, 2025
Oman LNG Shorlists For Fourth Train
19 Sep, 2025
Iraq Eyes Crude Storage In Oman
5 Sep, 2025
Oman-Oxy Eye Power Plant CCS
22 Aug, 2025
SELECTED DATA
OQEP Net Gas Output (Mn Cfd) Steadily Rises
While Liquids Output Declines Following Block 60 Farm-Out(‘000 b/d)
Tethys Working Interest Output* Is Down 40% From 2019's Peak ('000 b/d)
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