Oman’s oil output reaches 930,000 in the first half of 2013

oil oman-rsvstks sxc.huOman has announced that its average oil production reached 930,000 bpd during the first half of 2013, representing a rise of 1.3 per cent when compared to same period in 2012

Output from January to June 2012 stood at 918,000 bpd.

Nasser bin Khamees al Jashmi, under-secretary at the Ministry of Oil and Gas, said that the government was boosting oil and gas production and encouraging the use of modern technologies.

Al Jashmi noted, “Seven new concessions for oil exploration have been floated this year.”

In March 2013, Petroleum Development Oman (PDO) announced the discovery of a major gas field north of its concession area with a gas reserves of 82bn cubic metres as well as another five oilfields with a total reserves of 300mn barrels.

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