Middle East Economic Survey


No 35



PDO In 2003: Crude Output On Target, Reserve Bookings Disappointing

Petroleum Development Oman (PDO) met its production and cost targets in 2003, but crude oil reserve bookings were disappointing, according to the companys recently published Annual Report 2003. PDO Managing Director John Malcolm, in his introduction to the report, said the year 2003 was a good year for PDO. For the first time in several years we have for all intents...