Over the past 10 years, Oman’s maturing oilfields have increasingly relied on enhanced oil recovery (EOR) technologies, which have seen current production return close to levels not witnessed in 15 years. With EOR expected to comprise a quarter of state-owned Petroleum Development Oman’s (PDO) total oil production by 2020, the sultanate has seen natural gas usage in...
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Articles & Analysis | Increasing solar-fired enhanced oil recovery could have a significant economic impact from The Report: Oman 2015
Interviews & Viewpoints | Harib Al Kitani, CEO, Oman LNG: Interview from The Report: Oman 2015
As it seeks to keep up with the growing demand for gas, how is Oman addressing capacity-related constraints in the upstream gas segment?
Oil and gas remain key economic contributors in Oman, with hydrocarbons accounting for 85.7% of government revenues in 2013. New partnerships with the private sector have led to some of the most advanced enhanced oil recovery (EOR) projects in the world with the use of solar-fired EOR technologies playing an increasingly important role in the sector. The sultanate is expected to substantially...
Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.
Despite the turmoil in global energy markets, Saudi Arabia moved towards the end of 2014 with its economy having outperformed many in the region.
Economic update | Saudi Arabia powering up
18 Nov 2014
The first wave of state-backed solar power stations in Saudi were recently unveiled as part of a much larger commitment to diversify the Kingdom’s electricity generation capacity.