Petroleum Development Oman sets production target

10 July 2011

Omani producer targets 1.1 million barrels of oil equivalent a day

Petroleum Development Oman (PDO) has set a production target of 1.1 million barrels of oil equivalent a day (boe/d) in 2011.

In 2010 PDO exceeded 1 million boe/d and the company now expects to maintain 1.1 million boe/d for the next three years before raising it further still to 1.2 million boe/d.

PDO’s managing director Raoul Restucci told the Muscat Daily that the company produces around 500,000 barrels-a-day (b/d) of oil and 100,000 b/d  of condensates with the rest being made up of natural gas and liquid petroleum gases.

In 2010 PDO had a daily oil production of 553,000 b/d with a new discovery at Qarn Alam likely to contribute 40,000 b/d in 2011.

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