Both Oman’s Ministry of Oil and Gas, and top producer Petroleum Development Oman are adamant that the lower oil price environment has not, and will not, slow output growth plans. If anything, they are accelerating.
Petroleum Development Oman (PDO), the sultanate’s biggest hydrocarbons producer by some margin, has taken on the challenge put to it by the Ministry of Oil and Gas (MOG) late last year, confirming this week that it is working towards a new sustainable 600,000 b/d crude oil production plateau target by 2019. (CONTINUED - 1304 WORDS)
