The prolific Block 6 was spun off from Oman’s biggest oil producer, Petroleum Development Oman, in 2020 into the newly formed EDO. The company owns 60% of the block’s oil and 100% of the gas ...

To advance the evolving partnership between Oman and Indonesia, both governments must prioritise reducing trade barriers ...

Oman has taken a bold step toward becoming a regional manufacturing hub for artificial lift systems with the successful ...

Illustrative of this trend is the company’s decision in 2006 to partner with Indonesia's MedcoEnergi to operate the KSF cluster—a group of 18 small and mature oil fields located in southern Oman. This ...

Ever since Oman’s oil production exceeded 1m barrels per day (bpd) in 2016, the sultanate has strived to maintain a comparable daily output. Despite the drop in production resulting from the onset of ...

PDO said it has hopes of at least 20,000 b/d over the next few years but cited tough challenges such as oil viscosity and high oil-water ratio in the reservoirs (OGJ Online, Feb. 25, 2015).

Oman Oil Company will have the option to back in to up to a 20% interest in the block after the discovery of gas. ... PDO will continue to produce oil from several fields within the block area.

What you need to know: The move comes amid ongoing challenges for the East African Crude Oil Pipeline (Eacop), which has seen more than $500m (Shs1.8 trillion) injected by shareholders following ...

The tax would be a first among the six-member oil-rich Gulf Cooperation Council. The 5% tax will start in 2028 and will only be required of those who make upward of $109,000 annually — the top 1 ...