OMAN TO INCREASE GAS
Oman to increase gas production by 18%
Oman has announced that it expects to see a significant increase in its natural gas output over the next five years.
Oman will raise its gas output to around 120 million cubic metres per day between now and 2018, an increase of 17.63% from last year.
The country also expects to see a modest increase in its oil and condensate production which is expected to average around 950,000 barrels per day, an increase of 2% from last year’s figures.
Oman’s output is struggling to keep pace with increased domestic demand. The country’s Khazzan tight gas project is expected to dramatically increase production levels when it comes online in 2017, contributing an estimated 28 million cubic metres per day to Oman’s gas production figures.