Gas on the rise in Oman
Expanding upstream investment is boosting Oman’s thriving gas sector
From being a country in danger of falling off the global energy map as the rate of new oil discoveries slowed, Oman today is attracting some of the biggest names in the business, with BP and Italy’s Eni joining long-time stalwarts Shell and Total in developing the Mid-East Gulf nation’s upstream. The attraction these days is the prospect of developing new gas reserves. “Gas is on the rise in Oman, and this transition is very timely. Oil output declines over the last two years may indicate a point of no return for Omani oil, but the country’s sliding oil production is set to be replaced by gas”, writes Aditya Saraswat of analysis firm Rystad. Shell (with a 75pc share) and Total (with 25pc)
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