The sultanate’s geographic position on the Arabian Peninsula, in close proximity to the Arabian Gulf and the Gulf of Oman, but outside the Strait of Hormuz, has given it the region’s best access to one of the world’s most important energy corridors. Following several years of declining output in the 2000s, plans are under way to increase crude oil production, and the...
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Articles & Analysis | Increasing solar-fired enhanced oil recovery could have a significant economic impact from The Report: Oman 2015
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...
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.
Articles & Analysis | Several planned large-scale copper projects could double production from The Report: Peru 2015
At a time when miners around the world are pulling back capital expenditures, which is in turn limiting production growth, investment is pouring into Peru and fuelling what may become a copper boom. Several large-scale copper projects – often called megaproyectos in Peru – are due to begin production between 2015 and 2017. These projects have the...