OMAN

(in Middle East)

CAPITAL: MUSCAT

POPULATION: 3.2 mm

AREA (on): 212,500 km2

OIL PEAK: 2001

SUPPLY

Oman reached peak oil production in 2000/2001 from a large number of fields across a broad swathe of acreage running parallel to its southern coast. Over the next decade it is forecast that output will stay at plateau, slightly lower than that peak, with numerous remaining marginal opportunities just managing to offset decline in the older fields.

The country is now concentrating on developing its large gas reserves, both for local use and for export as LNG, and strong growth is forecast.

Oman has limited gas and condensate production offshore of the Musandam peninsula near the Iranian border. Small growth in output is forecast here as fields and satellites are developed for a local gas market.

 

DEMAND

Omani oil consumption is growing only slowly and is unlikely to change significantly whilst exports remain flat.

However, gas consumption is growing rapidly as are exports from the Omani LNG plant, which began operating in 2000 and now sells in all importing regions. Piped gas is also sold to the United Arab Emirates.

 

 
 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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