Oman | Egypt Oil & Gas - Part 20
Oman to Invest $1b in Oil, Gas in 2017
State-held Oman Oil Company plans to invest $1b in developing various upstream and downstream projects.
Oman, Japan Signed Pipe-Supply Contract
Petroleum Development Oman (PDO) signed a $1.2b contract with Japanese supplier Sumitomo to supply piping for its drilling operations through Duqm. Oman’s Khazzan Gas to Start Output by Q4 2017
Oman has revealed that the Khazzan Tight Gas Project is running on schedule and will commence natural gas production by the fourth quarter of 2017. Oman Pro-Rated Oil Output Cuts
Omani Ministry of Oil and Gas has set an output limit on producers in Oman. The 45,000b/d output cut will be shared by the Sultanate’s oil producers on a pro-rate basis.
Petrofac Signed $600m Omani LPG Deal
Petrofac has picked up a $600m contract to develop a major liquefied petroleum gas (LPG) project in Oman.
Kuwait, Oman Cut Oil Output per OPEC Deal
Inline with OPEC's production reduction agreement, Kuwait has cut output by 130,000b/d to about 2.75mb/d. While, Oman was to cut 45,000b/d from its 1.01mb/d. Oman Begins Oil Output Cuts
Oman is expected to cut oil output by 45,000b/d. This is about 4.5% of its 1mb/d day production, to honor the agreement with the Organization of Petroleum Exporting Countries (OPEC).
Oman Produce About 1mb/d of Oil
Oman's total crude oil and condensates production during November 2016 stood at more than 30mb/d, averaging just over 1mb/d.
