Sultanate of Oman announces new oil discoveries
Omani Minister of Energy and Minerals, Mohammed bin Hamad al-Ramahi, Minister of Energy and Minerals, announced new oil discoveries by oil companies operating in the Sultanate of Oman, expressing optimism that they will contribute to increasing production between 50,000 and 100,000 barrels over the next two or three years.
Minister Al-Ramahi stressed the continuation of the efforts of the Ministry of Energy and Minerals in developing the field of exploration so that the Sultanate of Oman’s production of crude oil and oil condensates would remain as it is currently or increase according to the market situation during the coming period.
Today, Saturday, the Oman News Agency quoted Al-Ramahi as saying that the existing projects in the gas sector will also contribute to the oil field, including the "Jebal Khuff" project and "Shell Company" to develop Block No. 10 and an attempt to explore in Block No. 12 by Total and Square No. 77 by the Italian company ADI.
He expressed his optimism about the improvement of conditions for the gas sector in the coming years, noting that the Sultanate of Oman's reserves of crude oil currently amount to 5.2 billion barrels, while gas reserves are about 24 trillion cubic feet.
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