VOL. XXXII

NO. 3

24-OCTOBER-1988

PDO's ANNUAL REPORT - 1987

The following are highlights from the recently released 1987 Annual Report ofPetroleum Development Oman (PDO). The company - owned 60% by the OmanGovernment, 37% by Shell Petroleum Ltd., 4% by Total Compagnie Francaise desPetroles and 2% by Partex (Oman) Corporation - produces the bulk of Oman's crudeoil production.

Production, Exploration and Reserves

1987 was another record-breaking yearfor PDO, registering the highest production levels...