Oman ///

Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations

Mark Miksa, Halliburton

Downhole turbines are a solution in hard and abrasive formations, otherwise inaccessible with conventional motors.

Halliburton provides major software grant to Sultan Qaboos University

Halliburton has announced a multi-million dollar software grant to the Colleges of Science and Engineering at Sultan Qaboos University in Oman. The grant provides access to leading industry software in geoscience, drilling and reservoir management so that students can gain practical experience to prepare for successful careers in the oil and gas industry.

Gulf Arab Energy producers issue record debt for expansion

Gulf Arab energy companies issued record debt this year as producers opted to exploit lower borrowing costs to fund expansion plans.

Petrofac awarded contract for Khazzan phase 2 in Oman

Petrofac has been awarded a lump-sum contract worth approximately $800 million by BP for the Phase 2 central processing facility (CPF) at the Khazzan Phase 2 (Ghazeer) gas development in the Sultanate of Oman.

Eni signs E&P sharing agreement for Block 52, offshore Oman

The Government of the Sultanate of Oman, Oman Oil Company Exploration and Production (OOCEP), a subsidiary of state company Oman Oil Company SAOC (OOC), and Eni today entered into an Exploration and Production Sharing Agreement (EPSA) for Block 52, located offshore Oman.

BP's Dudley inaugurates Oman's Khazzan field

The first phase of development of Oman’s giant Khazzan gas field was officially inaugurated by BP CEO Bob Dudley and Sayyid Haitham bin Tarik Al’Said, minister of heritage and culture for Oman.

Tendeka secures trio of Middle East contract wins

Following a recent award by the Kuwait Oil Company (KOC) to deliver a lower completions project, Tendeka, a global leader in advanced completions and production optimization, has been awarded two further contracts in the Middle East.

Regional Report: MENA

Emily Querubin, World Oil

Middle East/North Africa grapples with production cut commitment, despite urge to boost output

BP starts production from giant Khazzan gas field in Oman

BP, together with the Ministry of Oil & Gas of the Sultanate of Oman, today announced that production has begun from the giant Khazzan gas field, which is operated by BP in partnership with Oman Oil Company Exploration and Production.

Oman chases bigger slice of maritime oil trade with port project

Oman, the biggest Arab oil producer outside of OPEC, is turning up the heat in a regional battle for business from ships in need of fuel with a $600 million deal to build storage tanks at the port of Sohar.

Packers Plus, BP Oman achieve unprecedented operational efficiencies in HPHT wells

Packers Plus Energy Services Inc. has announced recent developments with BP Oman Exploration (Epsilon) Ltd. Collaborations include development of a customized completion system, successful installation and subsequent stimulation of two high pressure/high temperature (HPHT) wells in Oman's Khazzan field.

Petrofac secures 10-year framework agreement with Petroleum Development Oman

Petrofac has secured a long-term framework agreement (FA) with Petroleum Development Oman (PDO) for the provision of Engineering, Procurement and Construction Management (EP+Cm) Support Services for major oil and gas projects.

Oman to sell $2 billion of Islamic bonds

Oman plans to sell $2 billion of Islamic bonds this month as it seeks to trim a large budget deficit caused by lower oil revenue, Finance Minister Darwish Al Balushi said.

Oman Oil seeking banks to help sell assets amid Aramco IPO

Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks to sell some energy assets and list units on the local stock market, following plans by its larger peer Saudi Arabian Oil Co. to offer shares to the public.

Oman Oil said to seek strategic advice amid Aramco IPO plans

Oman Oil Co., the sultanate’s state-owned energy producer, is seeking advice from banks on strategic options for its business, according to people familiar with the matter, following plans by larger peer Saudi Arabian Oil Co. to sell shares to the public.

Oil hits 18-month high as Kuwait, Oman fulfill OPEC cuts

Oil climbed to an 18-month high in New York as output cuts by Kuwait and Oman signaled OPEC and its partners are delivering on their agreement to stabilize the market.

BP paves way for further development of giant Omani gas field

BP and Oman Oil Company Exploration & Production have signed an agreement with the government of Oman to amend the Block 61 exploration and production sharing agreement (EPSA). The new agreement, which extends the license area, paves the way for further development of the giant Khazzan tight gas field.

First phase of BP’s massive gas project in Oman nears completion

The first phase of BP Oman’s Khazzan natural gas project is 80% complete and on track to deliver first gas near the end of 2017, the company said in a statement.

ADD Energy wins maintenance optimization contract in Oman

Add Energy, an international energy consultancy provider, has been awarded a contract worth £120,000 ($156,000) with a leading upstream gas operator in Oman.

World Economic Forum names GlassPoint Solar technology pioneer

GlassPoint Solar, the leading supplier of solar to the oil and gas industry, was named as one of the World Economic Forum’s Technology Pioneers, a selection of the world’s most innovative companies.