11MAR2019 - NEWS - Rystad Energy predicts Oman’s gas production levels to exceed oil by 2023 supported by rise in development of gas fields

Rystad Energy expects Oman’s gas production levels to exceed oil by 2023, due to an impressive increase in the development of gas fields in the sultanate. Namely, Oman's oil-gas production mix will shift from around 35% gas in 2015 to more than 50% in 2025. With new oilfield developments failing to stabilize the country’s crude output, Oman has now focused on investing in gas developments. This would drive gas production to escalate to about 130 million cubic meters per day (MMcmd) by 2025. This will in turn shift Oman’s oil-gas production mix from about 35% gas in 2015 to over 50% in 2025.

Published by Editor - www.Livebunkers.com at 11-Mar-2019 06:55:34 [UTC] , contact editor at editor@livebunkers.com