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.
2021 In Numbers
| Crude Output | 752 | mn b/d |
| Condensate Output | 219 | mn b/d |
| Oil Rig Count | 38 | - |
| Gas Rig Count | 5 | - |
| GDP Growth | 3.5 | % |
NEWS IN BRIEF
Oman Shipping IPO To Raise $333mn
28 Feb, 2025
Oman-Mercuria 10-Year LNG Deal
21 Feb, 2025
Oman To Boost UAE Power Grid Link
14 Feb, 2025
Oman 1GW Solar Online
24 Jan, 2025
New Oman Privatization
24 Jan, 2025
Oman-Trafi Bunker JV
24 Jan, 2025
Oman 500MW Solar Start-Up
3 Jan, 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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