Oman's PDO 11 mths crude output up 15,000 bpd

State-controlled PDO accounts for more than 70 percent of Oman's oil and nearly all its gas output

Petroleum Development Oman's crude production averaged 565,000 barrels per day (bpd) in the first 11 months of 2012, up from 550,000 bpd last year, PDO's managing director said on Monday.

State-controlled PDO accounts for more than 70 percent of Oman's oil and nearly all its gas output. PDO's production of crude, condensate and natural gas has averaged 1.25 million bpd of oil equivalent (boepd) so far this year, up from 1.20 boepd in 2011, PDO's Raoul Restucci told a gas conference in Muscat.

Total Omani crude production averaged nearly 910,000 bpd in the first nine months of 2012, up from an average of 886,000 bpd in 2011, thanks largely to gains from enhanced oil recovery projects.

PDO is 60 percent owned by the Omani government, Royal Dutch Shell holds 34 percent, while France's Total and Portugal's Partex hold small stakes.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Power to the people in Saudi Arabia

Power to the people in Saudi Arabia

As Saudi Arabia fights to control surging electricity demand...

The upstream movement: Oil producers must invest to avoid another crisis

The upstream movement: Oil producers must invest to avoid another crisis

While oil producers continue to debate a reduction in output...

Saudi's Naimi's battles against Western 'greed' shine light on Aramco IPO

Saudi's Naimi's battles against Western 'greed' shine light on Aramco IPO

Former minister releases memoirs 'Out of the Desert'; reveals...

Most Discussed
sponsoredTracking