VOL. XXXII

NO. 47

28-AUGUST-1989

OMAN

PDO Estimates Annual Exploration Expenditure at $300mn

The Managing Director of Petroleum Development Oman (PDO), Mr. M. Pink, hasdisclosed that the company - owned 60% by the Omani Government, 34% by ShellPetroleum Ltd., 4% by Total Compagnie Francaise des Petroles and 2% Partex(Oman) Corporation - estimates that its annual expenditure on exploration willbe in the region of $300mn. This allocation will be spent mostly on drillingoperations, although PDO does...