Petroleum Development Oman (PDO), Oman’s largest oil producing company, achieved record production of 1.210 million barrels of oil equivalent per day (mmbbl/d) in 2019, an increase from 2018’s 1.205 mmbbl/d, according to the Oman Daily Observer.
Black oil production was the highest since 2005 with an average 616,380 barrels per day (bbl/d). 2018’s corresponding figure for black oil was 610,170 bbl/d. Future reports suggest Crude output will reach around 700,000 bbl/d by 2024.
In terms of gas production, PDO averaged 62.2 million cubic metres per day (mcm/d) in 2019, which was slightly lower from previous year’s average of 64.8 million mcm/d. However, condensate output surged to 93,000 bbl/d last year, up from around 65,300 bbl/d in 2018.
There were a total of 26 wells drilled in 2019 and production from exploration wells reached a rate of 1,250 bbl/d, with an additional output expected from future well exploration in 2020.
In 2020 PDO is placing a greater emphasis on renewable energy and technologies, with wind and solar at the forefront of this campaign.