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.
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.