Middle East Economic Survey
VOL. LIII
No 26
28-Jun-2010
Oxys Oman EOR Project Costs Soar To $9Bn
Costs for US independent Occidentals Mukhaizna heavy oil development in Oman have soared to $9bn from the $2bn it said it would cost when it wrested Block 53 from Shell-led, state-controlled Petroleum Development Oman (PDO), Omans biggest producer, in 2005. Oxys original plan was to raise oil production to 150,000 b/d in 2011 from the 10,000 b/d the field was producing when the concession was awarded,...
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