VOL. XLVII

No 09

01-March-2004

OMAN

PDO Extends Precision And Weatherford Drilling Contracts

In the opening two months of 2004, Petroleum Development Oman (PDO) has extended two drilling contracts as part of the companys program to restore crude output to a plateau of 800,000 b/d by 2007, after several years of decline (MEES, 17 November 2003). The USs Weatherford International announced on 12 January that it had been awarded a four-year extension worth $40mn to its contract with PDO to provide...