Middle East Economic Survey

VOL. LIII

No 46

15-Nov-2010

Oman To Lift Crude Output 80,000 B/D By End-2012

Occidental is leading the expansion, but has hit cost and schedule problems related to oil becoming increasingly heavy. Meanwhile, CCEDs ultra-heavy crude find may boost Omans recoverable reserves 20% to 6bn barrels if it is independently audited, Nick Wilson writes from Muscat.

Oman is relying on the private sector to boost its crude production and reserves. US independent Occidental...