PDO Agrees Contracts with Omani Firms Worth $800 M
Petroleum Development Oman (PDO) has agreed contracts with five local companies worth more than $800 million.
Oman | Egypt Oil & Gas - Part 15
PDO Announces New Gas Find in Oman
Exploratory drilling took place at a depth of 5,000 meters, the commercial flow rates at the reservoirs tested at 1.2 mcm/d after fracturing.
Meethaq to Fund Oil Projects
Meethaq Islamic Banking and Hydrocarbon Finder E&P (HCF) have signed an Islamic financing facility for the development of HCF-operated oil and gas fields in Block 7.
Average Oman Crude Oil Prices Increases by 27.8% Y.o.Y
Average Oman crude oil price increased by 27.8% year-on-year (Y.o.Y), reaching $51 per barrel by end of 2017, from $40 per barrel in the same period of 2017.
Oman to Host OPEC Meeting for the First Time
Oman will host the 7th meeting of Joint Ministerial Monitoring Committee (JMMC) of the Organization of the Petroleum Exporting Countries (OPEC) on January 21st.
KPI Acquires 50% of Omani Refinery
Kuwait's High Petroleum Commission announced that Kuwait Petroleum International (KPI) acquired 50% share of Oman's Duqm refinery.
Oman Opens E&P Concession Bids
Oman has opened bids for exploration and production (E&P) in the new concession areas, which were floated in 2017.
Construction at Duqm Refinery to Begin in 2018
Construction at the Duqm Refinery in Oman will begin next year.
Petrofac Wins $800M Khazzan Contract
BP awarded Petrofac an $800 million contract for the second stage of development at the Khazzan natural gas field in Oman.
Omani Oil Exports Slide 8.7%
Crude exports from Oman slid 8.7% to 245.19 million barrels this year through October.
