PDO to fund 6 modern fish markets in Oman
The six fish markets will be Rustaq, Yanqul, Adam, Al Mudhaibi, Bahla, Al Shuwaimia (Wholesale Hub) and Bahla
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Observer
2 days ago
- Observer
EOR share of PDO's crude oil output to spike to 28% by 2031
MUSCAT: Crude oil output based on Enhanced Oil Recovery (EOR) technologies is projected to account for a significant 28% of Petroleum Development Oman's (PDO) total annual crude oil production by 2031, up from 19% currently, according to the majority state-owned energy company. The projected increase underscores the growing importance of EOR—a set of advanced techniques used to boost oil recovery from reservoirs after primary and secondary methods become less effective—in PDO's long-term production strategy. EOR methods typically help maximize recovery by 30–50% from some of Oman's maturing oilfields. Notably, the contribution of EOR to PDO's overall crude production has been steadily rising over the past decade, climbing from 5% in 2014 to 12% in 2020, and further to 19% in 2025. 'In 2024, PDO continued its efforts to boost the future contribution of Enhanced Oil Recovery (EOR) to oil production. It is projected that by 2031, EOR projects will account for approximately 28% of our total output. We currently operate a variety of commercial-scale EOR schemes, including thermal applications, miscible gas injection (MGI), and chemical EOR. Additionally, further portfolio optimisation and the introduction of new opportunities into the hydrocarbon maturation funnel have increased production contributions from primary and secondary processes,' the company stated in its 2024 Sustainability Report. In 2024, PDO advanced the rollout of EOR technologies across a number of assets in its Oil South portfolio. A Final Investment Decision (FID) was taken on a polymer flooding project in the Haima West field (Mahwis reservoir) within the Marmul cluster. The project is expected to recover an additional 36 million barrels of oil by 2045, with an on-stream date set for 2026. Also targeted for extensive polymer flooding is Nimr, which hosts oilfields deemed 'well-suited' for this type of EOR technology. Last year, PDO approved two FIDs for polymer flood projects in the Nimr-A and Nimr-E oil fields—forming Wave 1 of polymer projects. 'The Nimr-A project is projected to recover 20 million barrels, while Nimr-E is expected to add 22 million barrels, both slated to be onstream by 2026. These projects will require the construction of new injection facilities and polymer injector wells. A new chemical EOR (cEOR) Category Management framework will be applied to expedite contract awards and reduce costs,' PDO stated. In other updates during the year, the Harweel 2AB Project (Zalzala Field) increased its gas injection rate from 3 million to 4 million cubic metres per day (m³/d), improving cumulative incremental oil recovery to 54 million barrels to date. Similarly, under the RHIP Tranche 1 Projects, the SAK A2C produced 43 million barrels of additional oil—up from previous estimates of 29 million barrels. Incremental recovery from SAK A3C also rose, from 8.7 million barrels to 12.6 million barrels. However, the Al Noor Phase 3A MGI Project saw a downward revision in its incremental recovery estimate, with only 3 million barrels expected—significantly lower than the earlier projection of 12.1 million barrels, the company noted. Production from steam-based EOR projects also dipped in 2024. The Amal Steam Project reported an average oil production of 2,285 m³/d (13,400 bpd) in 2024, down from 2,626 m³/d (16,500 bpd) in 2023. Likewise, Qarn Alam Steam production declined to 3,302 m³/d (20,768 bpd) in 2024, compared to 3,703 m³/d (23,291 bpd) the previous year.
Observer
30-07-2025
- Observer
$1 bn worth of oil and gas projects launched in 2024
MUSCAT, JULY 30 Petroleum Development Oman (PDO) – the largest producer of hydrocarbons in the Sultanate of Oman – kicked off the execution of oil and gas projects valued at around $1 billion in 2024, underscoring the majority state-owned company's ongoing commitment to supporting the national economy. The new investments are among the key highlights of PDO's overall performance in 2024, outlined in the company's newly published 2024 Sustainability Report. Summarising the company's performance, Mohsin bin Hamad al Hadhrami, Under-Secretary of the Ministry of Energy and Minerals and Chairman of the Board of Directors of PDO, commented: 'In 2024, new projects with a total value of $1 billion were launched, reflecting a strong sense of accountability, coordination and resilience. PDO achieved an average oil production of 679,922 barrels per day — the highest in two decades — exceeding its target by 7,000 bpd. Total hydrocarbon output, including condensates and non-associated gas, reached an average of 1.1 million barrels of oil equivalent per day, generating over $22.5 billion in revenues.' Affirming the company's commitment to resilient growth, he added: 'Through continuous cost optimisation and operational efficiency, staff and contractors successfully maintained a low unit operating cost of just $7.4 per barrel, reinforcing our drive for financial resilience and sustainable growth.' Significantly, new oil and gas discoveries across multiple geological plays have bolstered PDO's reserves. During 2024, the company booked 135.4 million barrels of oil and 0.73 trillion cubic feet (Tcf) of non-associated gas (NAG) as Discovered Contingent Resources (dCR). The company also maintained an aggregate (oil and gas) Unit Finding Cost (UFC) of approximately $1.3 per barrel of oil equivalent (boe). Additionally, PDO added 0.7 Tcf of risked ultimate recovery prospective portfolio volumes, maintaining a portfolio replenishment ratio of 1. It also identified an additional 5 Tcf of undefined, high-risk prospective volumes. 'These additions, spanning shallow to deep plays, provide more options for future gas maturation plans,' the company stated in its Sustainability Report. Oil and gas recovery projects worth a total of $1 billion were in execution during 2024. In the North portfolio, the Greater Al Huwaisah (GAHP) start-up was successfully commissioned two months ahead of schedule. Likewise, the Saih Rawl Northwest and MAF Export Meter Upgrade projects were brought on stream as planned. In the South portfolio, the Marmul Gas Compression Project (MGCP) is currently in the commissioning phase. The project aims to enhance gas efficiency by increasing production, minimising flaring and reducing emissions, in line with PDO's South Development Strategy.
Times of Oman
29-07-2025
- Times of Oman
Abraj Energy Services expands strategic partnerships
Muscat: Abraj Energy Services has signed a strategic agreement with Petroleum Development Oman (PDO) to provide six onshore drilling rigs for Concession Area 6, a key strategic asset that forms a fundamental pillar of Oman's energy sector. Drilling operations are scheduled to commence gradually starting in the fourth quarter of 2026. This agreement marks a significant expansion point within the long-standing partnership between Abraj and PDO, reflecting Abraj's operational efficiency in delivering competitive, safe, reliable, and high-performance drilling solutions that align with the highest international standards. Houd Khalfan Al Barashdi, Acting Director of Business Development at Abraj Energy Services, stated that the signing of this agreement reaffirms Abraj's operational excellence and the deep trust the company has earned by providing competitive, reliable, safe, and efficient solutions and services to its partners, supported by its advanced fleet and unique technical expertise. He explained that the company is expanding its operational scope with PDO to achieve common goals, affirming its pivotal role in empowering the oil and energy sector and enhancing in-country value. In the context of its continuous expansion, Abraj recently signed an additional contract with BP Oman to provide drilling services in Concession Area 61. Furthermore, it secured a new contract with ARA Petroleum LLC to drill three wells in Concession Area 44. The company also expanded its operations in the Wafra Joint Operations field between Kuwait and Saudi Arabia by signing a contract to provide a third 3000-horsepower drilling rig. This move reflects Abraj's regional expansion strategy and strengthens its position in strategic oil and gas projects across the region. Eng. Sulaiman Abdullah Al Salmi, Team Leader of Gas Well Drilling at Petroleum Development Oman, stated that the strategic relationship with Abraj Energy Services has demonstrated its continuous commitment to PDO's operational, health, and safety standards. He noted that this agreement confirms the joint commitment of Abraj and PDO to enhance Oman's oil and energy sectors through advanced and safe solutions that contribute to achieving operational efficiency and sustainability. Since 2020, Abraj has contributed over OMR850 million in in-country value, achieving an Omanisation rate of approximately 93 percent. In the past three years alone, the company's operations related to PDO have generated OMR79.1 million in local value, equivalent to 78 percent of total expenditure. These figures underscore Abraj's strong commitment to supporting national priorities and its pivotal role in the development of Oman's oil and energy sectors. It is worth mentioning that Abraj concluded 2024 with positive operational and financial results. Revenues reached OMR151.6 million, operating profit before interest, taxes, and depreciation (EBITDA) was OMR53 million, and net profit after tax was OMR16.9 million. The company also recorded exceptional occupational health and safety indicators, completing three consecutive years of incident-free and lost-time injury-free operations across all its operational units. Drilling rigs achieved high utilisation rates exceeding 86 percent, and well maintenance rigs reached 100 percent, reflecting the long-term resilience of its operations and partners' deep trust in its services.
