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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,"…

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Tags: PETROLEUM, DEVELOPMENT, OMAN, OIL
Chronicle:
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