No 22



PDO Aiming For 50% Oil Recovery Rate

Petroleum Development Oman (PDO) is implementing a program, tagged Target-50 (T-50), aimed at increasing oil recovery rate from the current level of less than 20% to around 50%, Oil Minister Muhammad al-Rumhy said on 26 May. The T-50 program is part of a strategy to restore PDOs crude production to a plateau of 800,000 b/d after a declining trend since 2001 (MEES, 13 January). Dr Rumhy described the production drop as a wake-up...