Companies / Oman

PDO Struggles With Maturing Fields

July 2006 | Company Spotlight

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Oman's main upstream operator continues to struggle against the dying of the light, extracting maximum volumes of crude from a shrinking resource pool. The sultanate has not been blessed with the 'easy oil' of its Gulf Arab neighbours. Petroleum Development Oman (PDO), which is 60%-owned by the Omani government and 34%-owned by Royal Dutch/Shell, has been dealt a weak hand compared with the likes of Saudi Aramco and Abu Dhabi National Oil Corporation (Adnoc), that dominate the region's production outlook.

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