Omani output slips

By Nassir Shirkhani

 24 February 2012 01:40 GMT

Petroleum Development Oman (PDO), the largest oil producer in the Persian Gulf sultanate, saw 2011 crude output slip to 549,000 barrels per day from 553,000 barrels per day in 2010 as the company battles to sustain output from ageing fields.

The Omani government expects total output, including oil and condensate, to rise to 900,000 bpd by the end of 2012, deputy Oil Minister Nasser al-Jashmi said.

PDO, led by Shell but majority-owned by the Omani government, accounted for most of Oman’s crude output of 779,000 bpd last year.

Oman has been pushing towards a goal of lifting its oil and condensate output to 1 million bpd.

The country has launched a number of licensing rounds over the last several years to try to speed up exploration. Jashimi expects the Oil Ministry to sign concession…

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index