Latest news with #Petroleum Development Oman
Zawya
15-07-2025
- Business
- Zawya
Oman: Key forum to spotlight corrosion and materials innovation
MUSCAT - The AMPP Oman Chapter, in collaboration with Petroleum Development Oman (PDO) and the Oman Society for Engineering (OSE), is proud to announce the return of the Oman Corrosion & Materials Innovation Summit, taking place September 15–17, 2025, at the Oman Convention & Exhibition Centre, Muscat. Now in its third edition, the summit is set to welcome over 1,000 professionals from around the world to explore the latest advancements in corrosion prevention, materials science, and asset integrity. With the global cost of corrosion estimated at over $2.5 trillion annually, the event will spotlight innovative strategies to extend infrastructure lifespan, improve safety, and reduce operational risks. 'It was one of the most professionally run and well-attended events we've participated in,' said Arin Shahmoradian, Technical Manager at SPI Coatings, reflecting on the 2024 summit. The 2025 edition will feature keynote addresses, panel discussions, technical presentations, and live demonstrations across sectors including oil & gas, utilities, marine, and infrastructure. Topics include AI-driven integrity management, corrosion under insulation (CUI), smart coatings, and advanced NDT technologies. Alongside the three-day programme addressing Corrosion & Materials, the conference agenda includes a focused track devoted to 'AI in Corrosion Prevention.' This cutting-edge theme will explore how artificial intelligence is reshaping corrosion and integrity management strategies, enabling smarter decision-making, cost efficiency, and real-time insights across industrial operations. The AI track will be structured around five major themes. First, AI for Corrosion Monitoring in Oil & Gas, which explores how AI enables real-time monitoring of pipelines and storage tanks, with a focus on detecting internal corrosion using machine learning and advanced data analytics. Second, Materials Design & Optimization, highlighting how AI is accelerating the development of corrosion-resistant materials and optimizing alloy compositions and protective coatings through predictive modeling. Third, AI-Driven Predictive Maintenance, where participants will learn how integrating AI with IoT sensors helps predict corrosion in critical systems, minimize unplanned downtime, and reduce maintenance costs through proactive intervention. Fourth, AI in Corrosion Inhibition will demonstrate how AI is being used to optimize the selection and dosage of corrosion inhibitors, including predictive models that assess inhibitor effectiveness across various environments. And fifth, AI in Integrity, which focuses on how AI enhances integrity assessment processes—supporting lifecycle asset management, automating risk profiling, and helping asset owners make better-informed decisions. This year's summit takes on added urgency as Oman expands investments in energy, infrastructure, and industrial development. While corrosion is often seen as a background issue, its economic impact is substantial—accounting for an estimated 3–5% of national GDP, based on AMPP figures. For Oman, this translates into hundreds of millions of rials lost annually. Experts believe that with the right strategies in place, Oman could recover up to 30% of these losses by improving corrosion prevention, localizing testing capabilities, and accelerating the adoption of advanced materials and coatings. 'We are proud to host a global platform that fosters scientific collaboration and positions Oman as a center of excellence for corrosion and materials science,' said Amjad al Kharusi, Chairperson of the AMPP Oman Chapter and Conference Chair. Registration is now open. Professionals from across Oman, the GCC, and beyond are invited to join this high-impact platform to exchange ideas, explore new technologies, and forge strategic partnerships in corrosion mitigation and materials innovation. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Zawya
11-07-2025
- Business
- Zawya
Oman's oil reserves down 2.8% but gas is up
Oman's crude oil and condensate reserves totaled around 4.825 billion barrels at the end of 2024, reflecting a decrease of 2.8 per cent compared to the previous year, according to official data. Natural gas reserves stood at 23.3 trillion cubic feet (TCF), up from around 23 TCF a year earlier, the Energy and Minerals Ministry said in a report. The report said that Petroleum Development Oman (PDO) — the largest oil and gas producer in the Sultanate — accounted for about 62 per cent of total crude oil and condensate reserves in 2024. 'Amid global challenges facing energy markets — ranging from price volatility to evolving demand dynamics — Oman, guided by strategic foresight and sound policies, succeeded in maintaining stable production levels in the oil and gas sector. The average daily production of crude oil and condensates reached 992.6 thousand barrels, with total exports of approximately 308.4 million barrels,' Minister of Energy and Minerals Salim bin Nasser Al Aufi said. 'The average price for Omani crude stood at $80.79 per barrel. In the natural gas sector, average daily production reached 149.2 million cubic meters, comprising 117.5 million cubic meters of non-associated gas and 31.7 million cubic meters of associated gas. Exports of liquefied natural gas (LNG) totaled 12 million tonnes, delivered across 181 shipments — a clear indication of the sector's operational efficiency and resilience.' As of end-2024, Oman was home to 475 producing fields, comprising 400 oil fields and 75 gas fields. A total of 73 exploration and appraisal wells were drilled last year — 54 for oil and 19 for gas, the report noted. Green energy On the green hydrogen front, 2024 marked a year of 'pioneering milestones' aimed at reinforcing Oman's position as a regional hub for renewable energy and green hydrogen, Al Aufi noted. This was underscored by the signing of eight major hydrogen production agreements — five in Al Wusta Governorate and three in Dhofar. Electricity generated from renewable sources — chiefly solar and wind — accounted for roughly 9 percent of total power generation in the country last year. This modest but growing share underscores the Ministry's commitment to diversifying the national energy mix and advancing low-carbon solutions, Al Aufi said. The contribution of renewables is set to increase steadily with the commissioning of the Manah 1 and Manah 2 solar farms, which will have a combined capacity of 1,000 megawatts (MW). Also slated for launch by 2026 are the North Oman Solar project and the Riyah 1 and 2 wind farms, which together are projected to reduce CO2 emissions by over 1.4 million tonnes annually, the Minister noted. (Writing by Nadim Kawach; Editing by Anoop Menon) (
