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 %
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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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