Oman Announces Major Gas Discovery

Published March 13th, 2001 - 02:00 GMT

Oman announced on March 10th that it had discovered a major natural gas field in the al-Dakhlia region that is expected to boost the Gulf Arab producer’s reserves.  

 

Petroleum Development Oman (PDO) indicated that the find was made on the Kauther Field, located 31 miles south of Adam.  

 

A company statement said that: “The Kauther field is potentially the largest gas field discovered in Oman in the last six years.  

 

This success provides encouragement for further gas exploration in the area.” A PDO spokesman said that it was too early to determine the capacity of the field, but that early estimates show a sizable gas deposit. 

 

The spokesman said that: “We will know in three months how big the field is, but we are confident it will have a substantial amount of gas to increase the reserves.” 

 

Oman’s proven gas reserves total 22 trillion cubic feet, with potential reserves nearly double that figure.  

 

The country’s gas demand was 28 million cubic meters per day (mcm/d) in 2000 and is expected to climb to 70 mcm/d by 2005. Oil and gas revenues make up about 70 percent of the Gulf sultanate’s national income. 

(oilnavigator)  

© 2001 Mena Report (www.menareport.com)

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