Market Report, "Oman Oil & Gas Report Q4 2013", Published
Strong upstream investment, particularly in enhanced recovery efforts, has allowed Oman to engineer an impressive recovery of oil production. Volumes have rebounded from lows reached in 2007. However we anticipate recent gains to slow. While there is upside risk from ongoing exploration and production, we expect output to peak by mid-decade and gradually decline subsequently. The outlook for gas is set to improve with new supplies, although growth will be incremental over the near term, from 2018 we expect major...
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