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2018-07-11 09:00:00

OMAN OIL PRODUCTION UP

OMAN OIL PRODUCTION UP

PLATTS- Oman's crude oil and condensate production in June jumped to its highest in eight months, another sign that key producers in the Middle East are beginning to pump more oil, the sultanate's oil ministry said in its latest monthly bulletin Tuesday.

Oman's crude oil and condensate output averaged 973,500 b/d in June or 29,205,000 barrels, the highest since October last year.

Crude oil exports in June averaged 782,540 b/d as flows to its largest customer China rose 10% accounting for 84% of total exports.

Around 9% of total exports went to India, while Japan and Thailand were the other destinations of Omani crude exports in June.

Oman is one of the few non-OPEC producers besides Russia which has some spare production capacity.

OPEC and 10 allies, led by Russia, agreed June 23 to raise production by 1 million b/d but left unsettled how the increase would be allocated.

The sultanate is also a member of the six-country monitoring committee - along with Saui Arabia, Algeria, Kuwait, Venezuela and Russia -- that are working toward reallocating production quotas in the OPEC/non-OPEC supply accord.

In December 2016, Oman had agreed to cut monthly crude and condensate production by 50,000 b/d from 1.019 million b/d under the OPEC/non-OPEC production cut deal.

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Earlier: 

 

 OIL NEED INVESTMENT
2018, June, 4, 13:40:00

OIL NEED INVESTMENT

BLOOMBERG - Energy ministers from Saudi Arabia, the United Arab Emirates, Kuwait, Algeria and Oman held an unofficial consultative meeting on Saturday in Kuwait City, the Kuwait News Agency reported, citing a statement from the joint ministerial monitoring committee of OPEC and non-OPEC countries. They discussed market conditions and the producers’ compliance with the global output cuts, it said.

 SHELL, TOTAL IN OMAN
2018, May, 14, 10:35:00

SHELL, TOTAL IN OMAN

AOG - Shell Gas & Power Developments has signed a memorandum of understanding (MoU) with Oman’s government to cover proposed energy development projects in Oman. The agreement covers upstream gas exploration and development, gas-to-liquids (GTL), liquefied natural gas (LNG) and renewable energies.

 OMAN OIL PRODUCTION DOWN TO 970 TBD
2017, August, 28, 19:50:00

OMAN OIL PRODUCTION DOWN TO 970 TBD

Oman’s petroleum and other liquids production averaged more than 1 million barrels per day in 2016, its highest production level ever. Oman was on track to maintain this production level in 2017, but it reduced production to approximately 970,000 barrels per day in early 2017 to meet the production cut it agreed to, along with members of the Organization of the Petroleum Exporting Countries (OPEC).

 IRAN - OMAN GAS PIPELINE
2016, June, 14, 18:05:00

IRAN - OMAN GAS PIPELINE

The 400-kilometer pipeline, stretching from Iran to Oman is defined in two onshore and offshore sections. Land part of the gas pipeline extends for 200 kilometers from Rudan to Mobarak Mount in southern Hormozgan province. The seabed section between Iran and Sohar Port in Oman will stretch for another 200 kilometers.

 BP & OMAN AGREEMENT
2016, February, 14, 13:05:00

BP & OMAN AGREEMENT

BP and Oman Oil today signed a heads of agreement with the Government of the Sultanate of Oman committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA), extending the licence area of the block and enabling a further development of the major Khazzan tight gas field. BP is the operator of Block 61 with a 60% interest and Oman Oil holds the other 40%.

 OMAN TO DELIVER OFFSHORE PLATFORMS
2014, March, 20, 08:07:00

OMAN TO DELIVER OFFSHORE PLATFORMS

Oman to deliver offshore platforms to Abu Dhabi

 OMAN TO INCREASE GAS
2014, March, 5, 16:38:00

OMAN TO INCREASE GAS

Oman to increase gas production

 

 

Tags: OMAN, OIL, PRODUCTION