Middle East Economic Survey


No 21



Oxys Oman Field Unlikely To Hit Target

US independent Occidental Petroleums Mukhaizna field development in Oman is unlikely to hit its 150,000 b/d target, according to a QNB Capital Economic Insight. Oxy originally planned to reach the target in 2011 (MEES, 15 November 2010) but has had to double the expected number of wells needed to inject steam into the reservoir, driving up the projects cost from $2bn to $9bn. QNBCs report says...