Oman’s OQ Inaugurates Bisat Oil Field

Oman’s OQ Inaugurates Bisat Oil Field

OQ Group today inaugurated the commissioning of Bisat oil field located at Block 60 concession area. The ceremony was held at Oman Convention and Exhibition Centre (OCEC).

The event was held under the patronage of HH Sayyid Taimur Asa’ad al Said, Chairman of the Board of Governors of the Central Bank of Oman (CBO).

The Bisat oil field comes as part of OQ’s contribution to supporting the government’s efforts to maximize the use of Omani natural resources and enable national companies to manage operations in the oil exploration and production sector. This resulted in raising OQ’s share of the total oil production in the Sultanate of Oman to 220,000 barrels per day, which represents about 13% of the upstream sector’s contribution to the gross domestic product (GDP) of Oman.

Talal Hamed Al Aufi, Chief Executive Officer of OQ Group, said: “Inaugurating Bisat oil field represents a quantum leap in exploration operations, as the focus shifted to the production of crude oil. The field recorded production growth rates from 5,000 barrels per day in 2019 to 55,000 barrels per day by 2022. Today, the Group celebrates a production increase that reached 60,000 barrels per day.”

He added that: “The Bisat oil field is one of