PDO set to boost exploration investment
Petroleum Development Oman (PDO) is to significantly ramp up exploration activity over the coming two years, as part of a $10,000 million, five-year investment programme aimed at boosting production from its ageing oil fields. One-third of the expenditure will be targeted towards enhanced oil recovery (EOR) projects, according to PDO chief executive officer John Malcolm.
Petroleum Development Oman (PDO) is to significantly ramp up exploration activity over the coming two years, as part of a $10,000 million, five-year investment programme aimed at boosting production from its ageing oil fields. One-third of the expenditure will be targeted towards enhanced oil recovery (EOR) projects, according to PDO chief executive officer John Malcolm.
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