Oman

News
January 09, 2024
The Menna-1 well was drilled vertically to a total depth of approximately 1,600 m. The well logs indicate hydrocarbons in the Al Khlata, Karim and Birba formations.
News
November 09, 2023
Oxy Oman and OQGN intend to exchange knowledge and technical expertise to develop strategies enabling the deployment of CCUS projects in Oman in line with the national strategic direction, including carbon capture, transport of carbon dioxide to Oxy Oman’s production assets for EOR, and supporting the development of relevant policies and procedures with the appropriate government bodies.
News
November 02, 2023
TotalEnergies is extending beyond 2024 its interest in Oman LNG, by ten years, and in Qalhat LNG, by five years. The parties agreed to finance investments to reduce the plant’s GHG emissions during this extension.
News
August 03, 2023
During the extended Initial Phase, Maha intends to implement activities necessary to support any decision regarding Block 70’s declaration of commerciality, such as preparing a detailed plan for enhanced oil recovery, such as steam, waterflooding or other production enhancement methods.
News
May 22, 2023
The oil produced during the testing phase is heavy oil of 11-13 degrees API, with viscosity higher than pre-testing estimates.
News
March 17, 2023
Biweekly, a new well will be added to the test until all new wells are connected to the testing system. Each well will be completed with PCP pumps before being placed on the test.
News
January 30, 2023
As the operator of Block 40, Maha Energy has 65% of the shareholding interest. Mafraq will reimburse Maha for their prorated share of all past costs. Mafraq will also pay for its share of future expenditures on Block 70.
News
January 20, 2023
The produced gas will supply the Omani gas network, feeding both local industry and LNG export facilities.
News
December 20, 2022
The Persian Gulf state will boost oil production to 1.175 million bpd. The ministry announced a preliminary budget for 2023 with an oil price of $55 per bbl.
News
December 19, 2022
In Oman, three rigs have been extended for a total of seven years of work. Additionally, KCA Deutag’s Kenera business unit will provide a grid container for rig T-899. Elsewhere, the T63 has mobilized to drill two wells, with two more optional wells, for a client in Kurdistan.
News
December 15, 2022
Commissioned by the Omani authorities, the SLB experts assessed surface, subsurface and well data from the national data repository over a three-month period. The next phase will include an assessment of the economic feasibility of the development of potential geothermal resources.
News
April 22, 2022
KCA Deutag, a global drilling, engineering and technology provider, secured contract extensions and options totaling over $170 million, with the majority focused on extensions with existing clients across core markets in the Middle East.
News
April 20, 2022
Improving the imaging of the geology offshore Oman is both resolving uncertainties in the thrusts and fold belt plays and imaging the hitherto illusive stratigraphy below the decollement surface.
News
January 17, 2022
BP and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt, world-class renewable energy and green hydrogen development in Oman by 2030.
News
October 22, 2019
Petrofac will provide FEED and conceptualization studies to clients in Oman and Libya following the award of a clutch of new contracts.
News
January 17, 2018
OPEC and other global oil producers including Russia won’t be discussing how to end output cuts when they meet this weekend in Oman even as crude prices have recently been rising, Kuwait’s oil minister said.
News
January 10, 2018
Halliburton has announced a multi-million dollar software grant to the Colleges of Science and Engineering at Sultan Qaboos University in Oman. The grant provides access to leading industry software in geoscience, drilling and reservoir management so that students can gain practical experience to prepare for successful careers in the oil and gas industry.
News
January 01, 2018
For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king.
News
May 18, 2017
Oman plans to sell $2 billion of Islamic bonds this month as it seeks to trim a large budget deficit caused by lower oil revenue, Finance Minister Darwish Al Balushi said.
News
April 20, 2017
Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks to sell some energy assets and list units on the local stock market, following plans by its larger peer Saudi Arabian Oil Co. to offer shares to the public.
News
April 12, 2017
Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks on strategic options for its business, according to people familiar with the matter, following plans by larger peer Saudi Arabian Oil Co. to sell shares to the public.
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