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 %
Refining & Petrochemicals

14 Feb, 2025

Featured

Oman’s Duqm Sees Feedstock Flexibility As Route To Riches

One year since inauguration, OQ8, operator of Oman’s 255kbd Duqm refinery, is looking to increase the flexibility of its crude slate to take advantage of market arbitrages.
Duqm Refinery Has Imported Roughly 200,000 b/d Of Crude Since Its 2023 Startup ('000 b/d)
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NEWS IN BRIEF

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

Total, Shell Lift First Oman LNG Cargoes Under New Deals

10 Jan, 2025

Oman 500MW Solar Start-Up

3 Jan, 2025

Oman: Tethys Flops In Block 58

13 Dec, 2024

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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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