VOL. XL

No. 47

24-November-1997

OMAN

PDO Lowers Crude Oil Output Target To 840,000 B/D Through 1999

By its own admission, Petroleum Development Oman (PDO) will not be able to sustain themomentum reached in September this year when crude output from Oman's main operator hit857,000 b/d. As a result, PDO has downgraded its production target for 1997 and loweredits sights through the year 2000 as well. The company recently announced that it would notbe able to meet its 1997 output goal of just...