New discoveries to add up to 100000 bpd to Oman’s oil output in 2- 3 years: Minister

New discoveries to add up to 100000 bpd to Oman’s oil output in 2- 3 years: Minister

New hydrocarbon discoveries by energy companies operating in the Sultanate of Oman will help boost the country’s output by 50,000 – 100,000 barrels per day (bpd) over the next 2 – 3 years, according to Dr Mohammed bin Hamad al Rumhy, Minister of Energy and Minerals.

Speaking to Oman News Agency (ONA), Dr Al Rumhy said the Ministry continues to support exploration efforts aimed at sustaining crude oil and condensate production to help meet demand growth.

A slew of projects currently underway in support of gas exploration and development will also contribute to oil production, Dr Al Rumhy said. It includes projects aimed at unlocking the gas potential of the Greater Barik area, including Block 10 by Shell, Block 12 by TotalEnergies, and Block 77 by Italian firm ENI.

The Minister also voiced optimism about prospects for the gas sector in the coming years, noting that gas reserves currently stand at about 24 trillion cubic feet (TCF). Crude oil reserves are currently estimated at 5.2 billion barrels.

Commenting on the MoUs signed by the Sultanate of Oman with Iran recently, Dr Al Rumhy explained that the pacts pertain to the construction of a gas pipeline linking the two countries, alongside the development of the