Related Articles
Oman
Clare Dunkley
25 January 2021
Forward article link
Share PDF with colleagues

Oman runs hard to stand still

The sultanate’s long-term oil ambitions are modest, but the urgent appetite for fresh gas supply remains

Oman’s oil sector ambitions, set out in the government’s latest five-year development plan unveiled at the turn of the year, appear modest at first glance. Production is forecast to rise next year by a relatively unspectacular 10pc, to 1.1mn bl/d, and stay there until mid-decade. But this-near stasis is, in fact, hard-won—a mark of success in the constant battle to staunch and offset declines at the country’s maturing main fields. Meanwhile, the pacey industrial growth that forms a key plank of the country’s economic roadmap requires continued development of domestic gas resources to ease a precarious supply/demand balance. Economics challenge While modest oil output increments are target

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Letter from South America: Bolivia's shrinking gas role
21 January 2022
Declining production and cheaper LNG threaten the country’s role as gas supplier to its neighbours
US LNG eases European storage crisis
20 January 2022
The US is set to play an even larger role in the global gas market this year, with the country gearing up to overtake Australia as the world’s largest LNG exporter
Wintershall Dea quits Brazil, Argentine shale
20 January 2022
The German independent is overhauling its Latin American portfolio
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video