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Oman invests in steam to try to reverse decline in production.
(From Lloyds List)
Byline: Martyn Wingrove
OMAN has started its campaign to halt the decline in its maturing oil fields and prevent any further slide in its crude exports.
Petroleum Development Oman, 34% owned by oil major Shell, is implementing a secondary recovery programme to stop a decline in the country's production and drive it back upwards again.
'Production at PDO has fallen from its 1997 level of 846,000 barrels per day to today's level of around 700,000 bpd,' said Abdulsattar Al-Murshidi, head of PDO's new technology division.
'The challenge for all of us is to analyse the reasons for this decrease and put in place effective ways to address the decline.'
The country's production decline is forecast to be around 5% per year without any use of secondary recovery techniques, which are now being used by the government-backed PDO.
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