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Oman plans $10bn spend on hydrocarbon projects

MUSCAT, February 3, 2016

Petroleum Development Oman (PDO) plans to invest more than $10 billion in three key hydrocarbon projects, a report said.

The three ventures include the Rabab Harweel Integrated Project (RHIP), the Yibal Khuff integrated oil and gas facility, and the Budour integrated project, all of which are on track for implementation, PDO managing director Raoul Restucci, was quoted as saying in the Oman Observer report.

“These are very large investments, which will probably total in excess of $10 billion over the next 5-10 years,” he said.

Work on the power plant at RHIB, including the foundations and the wells, is very advanced, he noted.

“As many as 12 Local Community Contractors (LCC) companies are working to prepare the site. There is good progress overall, good integration, and good safety; we will deliver on target,” he added.

At Harweel, PDO aims to harness part of Rabab’s sour gas to inject as miscible gas to produce oil from Harweel’s sour oil reservoirs, the report said, adding that at Budour, plans for the first-ever use of water injection in a sour oil field were being reviewed.




Tags: Oman | hydrocarbon | PDO |

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