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	%

Economics & Finance

14 Jan, 2022

Featured

Oman Approves Cautious 2022 Budget

Oman’s 2022 budget has a $4bn deficit based on a conservative $50/B oil price. In reality Muscat has a good chance of posting its first surplus in 14 years.

Oman’s Sohar Oman Hydrocarbon Revenues ($bn): Record Gas Earnings Projected For 2022Hub

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NEWS IN BRIEF

Oman Storage Slips To Q2

7 Jan, 2022

Oman Readies Solar Projects

12 Nov, 2021

Oman Caps Gasoline Prices

12 Nov, 2021

KBR Wins Contract For Oman Green Ammonia Project

29 Oct, 2021

US Sanctions Omani Oil Broker & Businesses

20 Aug, 2021

BP-PTT Oman Sale: A ‘Bargain’?

30 Apr, 2021

Oman: Record Condensate Output

23 Apr, 2021

Tethys Oman Well Disappoints

26 Mar, 2021

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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