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
Geopolitical Risk

3 Apr, 2026

Featured

Oman Uses Southern Route To Circumvent Hormuz Bottleneck

Two VLCCs operated by an Omani shipping firm have crossed the Strait of Hormuz through Omani waters, heading for an Omani refinery. The start of a trend?
The Majority Of Crude And Condensate Recently Delivered To Ras Markaz Originated From Inside The Gulf ('000 b/d)
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NEWS IN BRIEF

Oman Renews Contracts For 3.5GW Of Gas-Fired Power

10 Apr, 2026

New Crude Supplies For Oman’s Duqm Refinery

10 Apr, 2026

Oman Begins Delayed GCCIA Link Project

6 Feb, 2026

MBPS Awarded Three Rig Drilling Contract By KOC

30 Jan, 2026

PPAs Signed For 2.6GW Gas Power Plants In Oman

23 Jan, 2026

Oman: United Solar Secures Full $1.6bn Financing

23 Jan, 2026

Oman’s Asyad Renews Tanker Fleet

16 Jan, 2026

Financial Close Reached on Oman’s First Hybrid Solar/BESS Project

16 Jan, 2026

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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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