No 33



PDOs Crude Output Continues To Decline Below Annual Targets; Government Is Concerned

Petroleum Development Omans (PDOs) current oil production is averaging 695,000 b/d, down from an estimated 735,000 b/d in 2002, and a recorded 831,000 b/d in 2001, MEES learns. The company is hoping that the average for 2003 will be close to 700,000 b/d, but this would still be below the original target of 703,000 b/d. MEES further learns that while the original target for 2004...