17 Feb 2010
(MENAFN) Oman’s biggest oil producer Petroleum Development Oman (PDO) announced the discovery of three new oil fields and a large gas-field at Al Ghubar South and Khulud, Reuters reported.
The amount of oil in place could be more than 1 billion barrels making it a significant discovery for the country, PDO said. The oil firm said that this discovery followed an ambitious exploration program in central Oman.
PDO’s gas discoveries at Khulud have potential of large volumes at a depth of more than 5,000 meters.
In all, four exploration and appraisal wells were drilled in 2009 to confirm the discovery, and further drilling to define further extensions of the field is planned this year, according to a report in Commodity Online.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year