Oman's Business SENSE by yourDragonXi Δ 4nd of January 2014

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~ Oil Business

Oil Business

Oman's PDO 11 mths crude output up 15,000 bpd

ξ Petroleum Development Oman's crude production averaged 565,000 barrels per day (bpd) in the first 11 months of 2012,
ξ up from 550,000 bpd last year
ξ State-controlled PDO accounts for more than 70 percent of Oman's oil and nearly all its gas output
ξ PDO's production of crude, condensate and natural gas has averaged 1.25 million bpd of oil equivalent (boepd) so far 2012,
ξ up from 1.20 boepd in 2011
ξ Total Omani crude production averaged nearly 910,000 bpd in the first nine months of 2012,
ξ up from an average of 886,000 bpd in 2011, thanks largely to gains from enhanced oil recovery projects
ξ PDO is 60 percent owned by the Omani government, Royal Dutch Shell holds 34 percent, while France's Total and Portugal's Partex hold small stakes

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