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July 08, 2015 1:21 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 2015.

Petroleum Development Oman, LLC Key Developments

Petroleum Development Oman Wins USD 900 Million Engineering and Procurement Contract from Petrofac

Petroleum Development Oman has awarded Petrofac a USD 900 million engineering and procurement contract. The contract is for the company's Yibal Khuff oilfield, located around 350km south west of Muscat. The firm will provide detailed engineering and construction and commissioning management support services.

ProSep Launches Offshore Joint Industry Project with Qatar Petroleum & Petroleum Development Oman

ProSep has launched an Industry Technology Facilitator (ITF) joint industry project (JIP) with Qatar Petroleum and Petroleum Development Oman. The 12 month project, which commenced in December 2014, will see ProSep work collaboratively with both parties in the Middle East to develop an offshore capable unit for oil-in-water removal and media regeneration using ProSep’s Osorb Media produced water treatment technology. The Osorb Media technology adsorbs free, dispersed, and water soluble hydrocarbons, as well as many oilfield chemicals from produced water. ProSep will evaluate Osorb Media’s performance over repeated capture and regeneration cycles on customer-specified water streams. The JIP will culminate with the integration of a commercial unit into the target process stream for extended trialling. The unit will be in commission for a period of three months, with the objective of full technology adoption into the field thereafter.

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.

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