Oman gas production to surpass oil by 2023Staff Writer | March 7, 2019
Oman’s gas production levels are set to surpass oil by 2023 thanks to an impressive surge in the development of gas fields in the sultanate, according to Rystad Energy.
Middle East Oman’s oil output reached 900,000 barrels per day
Rystad Energy, the independent energy research and consulting firm headquartered in Norway with offices across the globe, estimates that by 2025 oil production will decrease by an additional 200,000 bpd, as output from older fields continues to slump.
As new oilfield developments have failed to stabilize the country’s crude output, Oman has shifted its focus to invest in gas developments.
This will see gas production escalate to approximately 130 million cubic meters per day (MMcmd) by 2025, shifting Oman’s oil-gas production mix from about 35% gas in 2015 to over 50% in 2025. ■