Oman expects to boost its oil output above 950,000 b/d this year, and maintain such a level for at least another four years, a top official at Oman’s Ministry of Oil and Gas (MOG) said this week. This implies a hike of at least 10,000 b/d in crude and condensates production from 2013 volumes, which were already a 12-year high (see graph).
However, whilst this implies a cumulative hike of 240,000 b/d, or 34%, from Oman’s production nadir of 710,000 b/d in 2007, and seven consecutive years of rises, this year’s modest hike marks the end of the road in Oman’s plans to raise production. (CONTINUED - 1858 WORDS)
