FINANCIAL NEWS

PDO Oman to invest USD 10bn in mega hydrocarbon projects

02 Feb 2016

(MENAFN) Petroleum Development Oman (PDO) plans to invest in excess of USD 10bn in a trio of signature joined schemes that are key to keeping the Co. long-term hydrocarbon output.

Additionally, the three mega ventures; the Rabab Harweel Integrated Project, the Yibal Khuff and the Budour project are making worthy headway in their planning and implementation.

For example, Harweel intends to harness part of Rabab’s sour gas to add as miscible gas to produce oil from Harweel’s sour oil reservoirs in order to permit it to mix with the oil.

PDO recently is looking for better solution for the field, and it’s success in identifying extra gas reserves in the area needs that the reservoir be tested before the project spread.

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