Oman oil output surges

Oman_oilOman pumped nearly 894,000 bpd of oil in December which was seven per cent higher than the November production and more than 100,000 bpd higher than the output two years ago.

Multi-billion dollar programme

Oman is in a multi-billion dollar programme to develop its oil and gas sector raise its crude output capacity following a decline over the past years.

LNG project completed

The country has already completed a massive LNG expansion project in the southern port of Sur with an output capacity of 10 million tonnes per year.

Reverses decline

In 2010, Oman boosted its oil output by nearly 6.6 per cent to 865,000 bpd to reverse several years of a steady decline from the peak 900,000 bpd output in 2002 as a result of low investment in oil fields.

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