Здравствуйте. Вся информация этого сайта бесплатна. Вы можете сделать пожертвование и поддержать наше развитие. Спасибо.

Hello. All information of this site is free of charge. You can make a donation and support our development. Thank you.

2014-03-05 16:38:00

PDO ACHIEVES 1.25 M BPD

PDO ACHIEVES 1.25 M BPD

Petroleum Development Oman, the Sultanate's national oil company, recorded an average production of 1.25 million barrels of oil equivalent per day in 2013 and added 317 million barrels of oil reserves. Also, the total natural gas-developed reserves increased by 1.3 trillion cubic feet last year, the company said at the Ministry of Oil and Gas' annual press briefing here on Monday.

The PDO also announced that it was executing 16 enhanced oil recovery (EOR) field developments and trials. "As the easy oil supplies dwindle, EOR is going to account for an increasing part of our production portfolio. PDO is already a world leader in this area, but we are now redoubling out efforts to ensure we maximise production from our fields," PDO managing director Raoul Restucci said.

In 2013, PDO had ongoing production from four major EOR developments at Marmul, Qarn Alam, Harweel (2AB) and Amal West, which is at an advanced stage of commissioning. The polymer project in Marmul has reached the milestone of 1 million cubic metres (6.3 million barrels) of incremental oil recovery in December.
The Qarn Alam steam project, which employs the mechanism of thermally assisted gas oil gravity drainage recovery -- the first time this has been attempted in a carbonate field anywhere in the world -- is running fully to expectation and produces some 25,000 barrels per day (bpd). In addition, the Harweel miscible gas project showed sustained production levels rising to 30,000 bpd.

PDO 's another breakthrough came at the new pioneering chemical injection trial at Habhab, a large tight oil reservoir with heavy oil, and there has also been a successful steam trial at the installation. In addition, the company has EOR pilots at Fahud, Lekhwair, Nimr, Al Noor, Marmul, Amin and Ghubar.

The company has also made good progress on its three oil and gas "mega projects" at Rabab Harweel, Budour and Yibal Khuff. On exploration, there were very active efforts on the conventional oil exploration front with 12 wells completed and 12 tested.

At the same time, the company attained the best-ever safety record in its history in 2013, despite the fact that staff and contractors worked over 170 million man-hours, an increase of 6 per cent compared to 2012.
Last year, the company created 5,700 In-Country Value (ICV) job and training opportunities for Omanis. It also awarded contracts worth more than $3.1 billion to locally registered firms and broadened its support of domestic businesses.

Meanwhile, there was an intensification of PDO 's social investment activity in 2013 with the completion of 13 projects, including the construction of the Ghabah Health Centre and the signing of eight agreements to invest around $9 million on vital community facilities.

"The year 2013 was a banner year for PDO with excellent achievements across the full spectrum of our operations, but we must not take our foot off the gas. We still face significant challenges, such as the increasing complex and costly nature of our business, an ageing asset base, local employment imperatives and the regional gas shortfall," Restucci said.

Tags: PETROLEUM, DEVELOPMENT, OMAN, OIL

Chronicle:

PDO ACHIEVES 1.25 M BPD
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

PDO ACHIEVES 1.25 M BPD
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

PDO ACHIEVES 1.25 M BPD
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

PDO ACHIEVES 1.25 M BPD
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

All Publications »