OQ officially inaugurates Bisat oilfield in Oman

OQ has inaugurated the onshore Bisat oilfield located in Block 60 in Oman, the Omani NOC announced on Thursday.

The Bisat field includes around 165 oil wells and three oil processing plants and produces 60,000 bopd.

The field was discovered in 2017. The first processing plant began operating in August 2018 and the second began operating in September 2021.

The third crude processing plant was commissioned on a trial basis in November 2022.

The field’s production rates have been the fastest growing in the region, moving from 5,000 bopd in 2019 to 55,000 bopd in Q3 2022.

“The Bisat oilfield is one of the most important projects of OQ’s upstream sector and Oman Investment Authority’s national development portfolio,” said Talal Hamed Al Aufi, CEO of OQ.

“It comes as part of OQ’s efforts to promote the added value of Oman’s natural resources, support development plans, boost revenues and achieve the objectives and aspirations of Oman Vision 2040.”

The project represents a contribution of USD 407 million to the local economy under the country’s In-Country Value initiative. Local SMEs and contractors took in USD 88 million. Local procurement and manufacturing took in USD 155 million.

Omanisation rate on the Block 60 concession has been 85% since operations began on the play.