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

  • Share via facebook
  • Tweet this
  • Bookmark and Share

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!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

Back in business

Back in business

Iran’s tankers are back on the oceans as sanctions on the Islamic...

A new future for Saudi Arabia?

A new future for Saudi Arabia?

The vast Wadd Al Shimal phosphate mine in the north of Saudi...

Most Discussed