The Oil & Gas Year Oman 2014
With a target to raise output to 950,000 barrels of oil per day by the end of 2014 and 120 mcm (4.24 bcf) of gas per day by 2018, oilfield services companies are preparing to step up in Oman. The number of rigs drilling has risen by about 30 percent since June 2012 and with exploration and production happening in 28 blocks in Oman, business for services companies is unlikely to wane in the near future.
Enhanced oil recovery is becoming a critical field in Oman as the country’s reserves mature. However, due to the Omani market’s underdeveloped private sector, it is largely dependent on foreign companies for technology and innovation. Encouraging development of enhanced recovery techniques will require greater investment in Omani companies.
Featuring interviews with the Undersecretary of the Ministry of Oil and Gas and the managing director of Petroleum Development Oman alongside many others The Oil & Gas Year Oman 2014 is an indispensable guide to an important Gulf market.
Read a free preview of The Oil & Gas Year Oman 2014 market report which includes free exclusive interviews with the undersecretary of the Ministry of Oil & Gas and the undersecretary of the Ministry of Higher Education as well as other free content.