Sun, 03 Mar 2013 19:35:22 GMT | By AFP

Oman aims to hike oil output in 2013

A top Omani oil official says the sultanate aims to increase oil production to 939,500 barrels per day this year and also raise gas output, thanks to enhanced extraction


Oman aims to hike oil output in 2013 (© Reuters)

Muscat: A top Omani oil official said Sunday the sultanate aims to increase oil production to 939,500 barrels per day this year and also raise gas output. The sultanate "will increase its daily production of oil to 939,500 barrels per day, and gas to 107 million cubic metres (3.8 trillion cubic feet), thanks to enhanced extraction of oil and the development of several fields," said oil ministry undersecretary Nasser al-Jishmi.

He said average daily production of oil and condensates rose 4 percent last year percent to reach 918,500 bpd. Average daily gas production increased in 2012 by 3.3 percent to 98.2 million cubic metres, including 80.9 million cubic metres of non-associate gas, Jishmi told reporters.

"The sultanate's reserves of oil and condensates amounted to around 4,630 million barrels, in addition to 18 trillion cubic feet of gas," said Jishmi, whose country's energy resources are modest compared to its neighbours in the Gulf.

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