The Sultanate of Oman’s oil and gas industry is undergoing a much needed revival. During the late 1990s, exploration and production (E&P) activity saw the country produce 950,000 barrels of oil equivalent per day (boepd) on average. However, by 2007 production fell to an all time low of 714,000 boepd prodding Omani policymakers towards placing greater emphasis on fresh technological and capital investment to boost production. Since Oman’s proven reserves, thought to be in the region ...
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