Oman

in figures

Oil reserves5.4 billion barrels

Oil production951,000 bopd

Gas reserves700 bcm

Gas production36.9 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.

IT infrastructure for Angola’s rising oil and gas production Msuega TESE
Interview
Angola - March 01, 2022

Msuega Tese, executive director of Integrated Solutions Angola (ISA), talks to The Energy Year about how hydrocarbons can help…

READ MORE
PDO awards $550-million drilling contract in Oman
NEWS
Oman - January 27, 2022

KCA Deutag Energy has signed a USD 550-million contract with Petroleum Development Oman for drilling services, the…

READ MORE
Oman partners with bp for energy transition
NEWS
Oman - January 17, 2022

Oman has signed a strategic framework agreement with bp for development of renewables and green hydrogen projects by 2030, the…

READ MORE
TotalEnergies signs low-carbon gas deals in Oman
NEWS
Oman - December 22, 2021

TotalEnergies has signed a series of agreements to develop low-carbon natural gas in Oman, including one for the formation of a…

READ MORE
Tarek EL AZHARY General Manager STRATOCHEM SERVICES
Interview
Egypt - November 17, 2021

Tarek El Azhary, general manager of StratoChem Services, talks to The Energy Year about areas with the most upstream potential…

READ MORE
SAKNAFTA PETROLEUM SERVICES
Interview
Egypt - July 07, 2021

Amr Farrag, chairman of Saknafta Petroleum Services, talks to The Energy Year about managing the impact of Covid-19, the best…

READ MORE
Dietmar SIERSDORFER Middle East and UAE Managing Director SIEMENS ENERGY
Interview
Abu Dhabi - April 09, 2021

Dietmar Siersdorfer, Siemens Energy’s Middle East and UAE managing director, talks to The Energy Year about the company’s role in the region’s energy transition,…

READ MORE

 

WHOSE PLATFORM IS THIS?
ASK US

  • Do you have a question for The Energy Year about oil and gas?
  • If we know, we’ll tell you.
  • If not, we’ll ask the experts in the field.