The Omani Oil Ministry announced that the country’s oil production in 2016 will target the level of 990,000b/d, Times of Oman reported. The ministry added that its plan to halve economy’s dependence on oil in five years, which was recently publicized by the Supreme Council for Planning, will be difficult to achieve.
Petroleum Development Oman (PDO) also plans to exceed oil production from last year’s levels and is projecting an output of 600,000b/d in 2016. PDO’s Managing Director, Raoul Restucci, said that the company planned to drill more than 500 wells this year, which is approximately the same scope of drilling work the company performed last year.
In other news, Omantel announced a strategic partnership with BP Oman for a comprehensive telecommunications network to be constructed for the Khazzan Gas Project located between the Al-Dhahirah and Al-Dakhiliya Governorates, according to Muscat Daily. Omantel’s project’s aim is to ensure broadband connectivity to cover the populated Khazzan gas field catchment area.