Oman

in figures

Oil Reserves5.4 billion barrels

Oil Production971,000 bopd

Gas Reserves700 bcm

Gas Production32.3 bcm

Oman: Diplomacy, Downstream and the Solar Drive

Oman has recently seen back-to-back record years for oil output, with production hovering around the 1-million-bopd mark – a landmark target first reached in 2016.

However, situated amid the world’s most prolific hydrocarbons region, Oman stands out not for its volume of resources but for its skilful application of technology. Under the oversight of the Ministry of Oil and Gas, the hydrocarbons industry has overcome Oman’s challenging geology and explored the entire country – resulting in the discovery of approximately 200 fields, mostly in the Gulf. As the country’s reserves mature, advanced EOR techniques such as steam injection and polymer flooding are being developed and applied by companies such as Petroleum Development Oman, increasingly in combination with renewables as a power source.

GlassPoint Solar is constructing a solar steam generation plant for PDO near the Amal oilfield that, with a capacity of 1 GW, will be among the world’s largest solar parks. Solar is taking on a growing role in the country’s power generation, from PDO’s 100-MW Amin project, which came on line in May 2019, to the 1.1-GW Manah project, set to come on line in 2021.

While oil has formed the basis of economic growth, natural gas has emerged in recent years as a driver of nascent industries. With focus shifting towards the exploration and production of non-associated shale gas, mid-sized companies are looking to capitalise on Oman’s unconventional energy resources.

Oman sees major downstream projects as a buffer against future crises for a country strongly affected by the oil price cycle. Centred in the strategic growth areas of Sohar, Duqm and Salalah, these projects will deepen Oman’s footprint in petrochemicals, plastics and LNG, while creating job growth and greater opportunities for investment.

The Energy Year Oman 2020 is currently under production, and will provide comprehensive insights on the country’s energy industry. Our last report, The Oil & Gas Year Oman 2018, offers in-depth coverage of the full hydrocarbons value chain, from E&P to the midstream, downstream, power generation, oilfield services, finance and engineering and construction sectors.

Eyhab Al Haj Hema Energy
Interview
Oman - July 23, 2020

Eyhab Al Haj, group managing director of Hema Energy, talks to The Energy Year about how the company has managed through the…

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Ahmed Al Daraai Oman Santco
Interview
Oman - July 14, 2020

Ahmed Al Daraai, executive director of Saih Al Nihaidah Trading & Contracting (Santco), talks to The Energy Year about how…

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Oman books

More books
Ray RICHARDSON, Country Manager of PETROFAC
Interview
Oman - July 07, 2020

Ray Richardson, Oman country manager for Petrofac, talks to The Energy Year about how the company is navigating the Covid-19 and…

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BP Oman readies Ghazeer launch
NEWS
Oman - June 22, 2020

BP Oman is set to launch production at its Ghazeer gas project, with 99% of installations now completed, the company told local…

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Oman’s Amin solar plant starts up
NEWS
Oman - June 09, 2020

Oman’s 100-MW Amin PV solar plant has begun commercial operations, achieving commissioning three months ahead of…

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Interview
Oman - June 02, 2020

The Energy Year, in partnership with Business Gateways, hosted a webinar entitled “Doing Business in Oman” in which Peter…

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Interview
Oman - May 18, 2020

Ahmed Al Barwani, CEO of Muna Noor, talks to The Energy Year about how the company is tackling the Covid-19 challenge and how rate reductions are affecting the…

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Interview
Oman - May 15, 2020

Sulaiman Al Hudhaili, managing director of Tebodin & Partner (T&P Oman), talks to The Energy Year about how the engineering sector has changed in response to the…

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Interview
Oman - April 21, 2020

The Energy Year talks to Said Al Maskery, director at Composite Pipes Industry (CPI), about the overall industry sentiment in Oman following the Covid-19 restrictions…

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