Oman Raises Estimates of Gas Reserves
Oman has increased estimates of proven gas reserves to 23-24 trillion cubic feet (tcf), and that figure may rise again by as much as 10 tcf this year, the Middle East Economic Digest reported Monday.
Oil and Gas Ministry Undersecretary Salim Mohammed Al Shaban told the weekly "new finds could be in the region of three-five tcf or even 8-10 tcf.
"We hope that by the end of the year we will be able to quantify the new discoveries," the Gulf Daily News quoted him as saying.
Oman had previously put official proven gas reserves at 22 trillion cubic feet, with potential reserves more than double that figure.
Oman has announced two gas discoveries this year - in the desert interior and central mountains.
They were described by the Petroleum Development Oman company as having the potential to be among the biggest yet – Albawaba.com