Oman’s oil reserves at 4.84bln barrels, gas at 23.8 TCF – ZAWYA

Oman’s oil reserves at 4.84bln barrels, gas at 23.8 TCF – ZAWYA

Oman's oil reserves at 4.84bln barrels, gas at 23.8 TCF | ZAWYA MENA Edition HomeBusinessEnergyArticleOman's oil reserves at 4.84bln barrels, gas at 23.8 TCF China topped the list of the countries importing crude oil from Oman in 2019: report    Image used for illustrative purpose. Marmul, Dhofar, Oman, Middle East.Reserves of crude oil and condensates in the Sultanate totaled 4842.71 million barrels as of 2019-end, up by 1.1 per cent in comparison with 2018, the Ministry of Oil and Gas announced in its 2019 Annual Report. Majority state-owned Petroleum Development Oman (PDO) accounts for about 67 per cent of total reserves, it said.Total reserves of natural gas in the Sultanate at the end of 2019 was estimated to be 23.8 trillion cubic feet (TCF), 53.7 per cent of which is the estimated reserve of PDO, followed by BP (Khazzan and Ghazeer) with 41 per cent, and 5.3 per cent of other companies.The average daily production of oil during 2019 amounted to 971,000 barrels per day against 978,000 barrels per day in 2018, a reduction of 0.7 per cent. The Sultanate maintained its level of oil production in compliance with the agreement to curb output among the OPEC and non-OPEC producers