Petroleum Development Oman

  • Petrofac Wins Two Contracts in Oman worth $300 MM

    Petrofac Wins Two Contracts in Oman worth $300 MM

    Thursday, 4th February 2021

    Petrofac company announced that it has acquired two contracts in Oman worth $300 million through Petroleum Development Oman (PDO).

  • Oman Inaugurates First Manufacturing Plant

    Oman Inaugurates First Manufacturing Plant

    Tuesday, 19th November 2019

    Omani oilfield services firm Gulf Energy SAOC inaugurated its first manufacturing facility for cementing casing accessories in the Sultanate, supporting operations in Petroleum Development Oman (PDO).

  • Oman to Seek Foreign Loans to Finance Oil&Gas Projects

    Oman to Seek Foreign Loans to Finance Oil&Gas Projects

    Thursday, 18th February 2016
    State-owned Petroleum Development Oman (PDO) will in future borrow abroad if it needs to finance projects rather than ask for more funds from its shareholders.
  • Oman Targets 990,000b/d Level of Oil Production in 2016

    Oman Targets 990,000b/d Level of Oil Production in 2016

    Wednesday, 3rd February 2016
    The Omani Oil Ministry announced that the country's oil production in 2016 will target the level of 990,000b/d. 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.
  • Oman’s Oil and Gas Market Expected to Flourish

    Oman’s Oil and Gas Market Expected to Flourish

    Monday, 1st February 2016
    Oman’s oil and gas market is expected to flourish amid the ongoing oil market crises to country's government's commitment to investments in new project developments, exploration, and production.
  • PDO workers stage strike

    PDO workers stage strike

    Wednesday, 16th March 2011
    Several hundred workers at Oman's state oil company Petroleum Development Oman (PDO) staged protests at company headquarters and at least one oil and gas field, demanding higher wages.