PDO announces Oman gas find

Oman

MUSCAT, March 20, 2018 – Petroleum Development Oman (PDO) has encountered “significant” volumes of gas in the Mabrouk onshore field, the majority state-owned joint venture announced late on Monday.

The northern part of the concession area contains estimated recoverable resources of more than 113 bcm (4 tcf) of gas and 112 million barrels of condensate. PDO has recently encountered gas in five wells drilled in the area, one of which has already commenced production, the press release added.

“This is an exciting find which will provide a boost for economic growth in Oman and help meet rising gas demand from residential, commercial and industrial customers,” said Raoul Restucci, the company’s managing director. “Once again, our Exploration Directorate has performed admirably in challenging conditions to identify, discover and appraise a major hydrocarbon find which will make a substantial contribution to Oman’s sustainable development.”

The Omani government holds a 60% stake in PDO alongside partners Shell (34%), Total (4%) and Partex (2%).