October 25, 2014 2:19 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Petroleum Development Oman, LLC

Company Overview

Petroleum Development Oman, LLC engages in the exploration and production of hydrocarbons in the Sultanate of Oman. It produces crude oil, natural gas, condensate, and liquefied petroleum gas. The company also offers education and training programs. Petroleum Development Oman, LLC was formerly known as Petroleum Development (Oman) Ltd. and changed its name in 1980. The company was founded in 1925 and is based in Muscat, Oman.

P.O. Box 81

Muscat,  113

Oman

Founded in 1925

Phone:

968 24 67 5182

Fax:

968 24 67 5913

Key Executives for Petroleum Development Oman, LLC

Managing Director and Director
Finance Director
Engineering & Operations Director
Deputy Managing Director and Director
Technical Director and Director
Compensation as of Fiscal Year 2014.

Petroleum Development Oman, LLC Key Developments

Petroleum Development Oman Unveils Plans for 16 EOR Projects

Petroleum Development Oman announced that it is executing 16 enhanced oil recovery (EOR) field developments and trials. The initiative follows its record production and safety figures in 2013. The company is currently engaged in chemical, thermal and miscible gas injection - techniques that are used to extract heavy or difficult oil - across its concession area and EOR will account for a third of its production by 2023. In 2013, PDO recorded average production of 1.25mn barrels of oil equivalent (BOE) per day - for the sixth consecutive year it improved performance - and stepped up its drive for unconventional oil and gas. Addressing a media briefing at the Ministry of Oil and Gas, Raoul Restucci, managing director, PDO, said that in 2013 the company added 317mn barrels of oil reserves with total gas-developed reserves increasing by 1.3tn cubic feet.

Petroleum Development Oman to Complete Amal Solar EOR Pilot Project by Feb. '14

Petroleum Development Oman intends to complete the Amal pilot project by the end of January 2014. Middle East's first solar enhanced oil recovery (EOR) project at PDO's Amal West field in southern Oman, by PDO and GlassPoint Solar, was successfully commissioned in May 2013. The goal of PDO's solar EOR project is to reduce the amount of natural gas burned for thermal EOR, releasing gas for higher-value applications, including power generation, water desalination and industrial development in the country. The solar project will reduce natural-gas usage for an EOR project by up to 80%. By harnessing the Sun's energy with GlassPoint's enclosed-trough technology, the solar EOR project produces a daily average 50 tonnes of steam that feeds directly into existing thermal EOR operations at PDO's Amal West field. The 7MW system is in regular operation and recently passed its first performance acceptance test since coming online, exceeding contracted steam output by 10%. Speaking to reporters during a media visit to Marmul last week, Dr. Syham Bentouati, head of new technology implementation at PDO, said that the pilot project will be completed on January 31, 2014 and there will be no second phase of a pilot.

Petroleum Development Oman to Invest USD 11 Billion in Oil Projects

Petroleum Development Oman has announced its intention to invest in new oil projects for about USD 11 billion in the following decade. The new projects aim to develop over one billion barrels of oil. The company official said between now and 2022, there will also be 16 significant new projects comprising over USD 11 billion of investment and targeted at developing over a billion barrels of oil.

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