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Article: OMAN - Upstream Operations Abroad

Article from:
APS Review Downstream Trends
Article date:
February 16, 1998
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OOC in the early 1990s was keen to enter the upstream in Russia and Kazakhstan, as a first step towards acquiring E&P areas in other parts of the world. The objective was to secure a diversified oil production base abroad to offset a depletion of Oman's own hydrocarbon reserves expected to occur in the coming decades.

Among upstream projects OOC has joined in recent years is a venture for oil and gas exploration, development and production in the 16,000 sq km Atyrau block in Kazakhstan. This has been described as one of the promising areas.

Under a 40-year concession for Atyrau signed in April 1993, OOC was to be the operator. But OOC has since sold 75% of its ...

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