Oman’s production of crude oil and condensates in December 2015 rose in total by 1.12%, compared to November 2015, based on figures released in the Ministry of Oil and Gas’s monthly report, said Hellenic Shipping News. The overall production reached more than 31m barrels in December, with a rate of above 1mb/d.
In addition, the crude oil exports reaching more than 25m barrels in the same month, with a daily rate of almost 830,000 barrels, represent a 0.77% rise. Omani export to the Asian markets, the traditional destination for most of Oman’s crude, saw a rise. China took 68.16% of Oman’s crude exports, while India imported 3.85%, Japan 1.98%, and Thailand 0.03%, compared to November 2015. Meanwhile, Australia was reported to have begun importing Omani oil in December.
In other developments, Tethys Oil announced that its share of the December 2015 production from Oman’s onshore Blocks 3 and 4 amounted to almost 360,000 barrels of oil, while in November, the figure stood at 330,000 barrels, according to the Muscat Daily.
Tethys is a Swedish energy company that enjoys a 50% stake in the Blocks 3 and 4, leaving its partners Mitsui E&P Middle East and operator CC Energy Development (Oman branch) with 30% and 20% shares, respectively.