Plf energy Oman

How will Oman's natural gas supply impact industrial growth?

Oman’s reserves of natural gas are set to play a leading role in fuelling the country’s industrial growth in the coming years, as processes that currently use fossil fuels begin to switch to green hydrogen, allowing Oman to step up exports of its surplus gas as liquefied natural gas (LNG).

How much oil does Oman produce a year?

Oman’s 2023 national budget used a benchmark of $55 per barrel as the average oil price and production of roughly 1.2m bpd. Oman’s net oil revenue was up by 66% at nearly OR7.5bn ($19.5bn) in 2022, and gas revenue was up by 29% to roughly OR3.6bn ($9.4bn), according to the Ministry of Finance.

What is totalenergies doing in Oman?

We are mainly active in Oman through our natural gas liquefaction activities. We lead several community outreach initiatives in the country. the year we first began operating in the sultanate the number of TotalEnergies-branded rapid oil change centers of Oman's oil and condensate is produced in Block 6

How is Oman orienting its economy?

Oman has leaned on oil and gas to fuel its economy since production first began in 1967. The sultanate plans to continue to orient its economy around this sector, even as it looks to shift the emphasis away from crude towards natural gas and downstream developments.