Article
Carole Nakhle
{
"authors": [
"Carole Nakhle"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace",
"Malcolm H. Kerr Carnegie Middle East Center"
],
"collections": [],
"englishNewsletterAll": "menaTransitions",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Malcolm H. Kerr Carnegie Middle East Center",
"programAffiliation": "MEP",
"programs": [
"Middle East"
],
"projects": [
"Carnegie Oil Initiative"
],
"regions": [
"Gulf",
"Middle East"
],
"topics": [
"Economy",
"Climate Change"
]
}
Source: Getty
In The Media
The Technological Revolution in Oman’s Oil and Gas Industry
Oman recently became the first Middle Eastern country to join the very small club of unconventional oil and gas producers, currently led by the United States.
Published on Nov 15, 2017
Source: Geopolitical Intelligence Services
In the global landscape of oil and gas markets, the Sultanate of Oman is dwarfed by its Middle Eastern neighbors. This is hardly surprising given that its proven oil and gas reserves are a tiny fraction of those of its peers. With a long-standing investment-friendly policy, however, the sultanate has been successful in deploying the latest technology not only to reverse its oil production decline, but also to reach record levels and tap unconventional resources trapped in some of the most complex and deepest geological formations known in the industry.
Oman has been a global leader in the application of Enhanced Oil Recovery, or EOR (also called tertiary recovery) technology. One of Petroleum Development Oman’s oil fields, the Qarn Alam, is the world’s first full-field steam injection EOR project and also the largest of its kind.Oman recently became the first Middle Eastern country to join the very small club of unconventional oil and gas producers, currently led by the United States. In September 2017, production started at its $16 billion Khazzan tight gas field, the largest-scale unconventional gas project in the Middle East.
The full article, originally published by Geopolitical Intelligence Services, is available here.
About the Author
Carole Nakhle
Former Nonresident Scholar, Middle East Center
Nakhle was a nonresident scholar at Carnegie Middle East Center, specializing in international petroleum contracts and fiscal regimes for the oil and gas industry, world oil and gas market developments, energy policy, and oil and gas revenue management.
- Nuclear Energy’s Future in the Middle East and North Africa
- ISIL Sells Its Oil, But Who Is Buying It?In The Media
Carole Nakhle
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie China
- How China’s Growth Model Determines Its Climate PerformanceCommentary
Rather than climate ambitions, compatibility with investment and exports is why China supports both green and high-emission technologies.
Mathias Larsen
- What’s New about Involution?Commentary
“Involution” is a new word for an old problem, and without a very different set of policies to rein it in, it is a problem that is likely to persist.
Michael Pettis
- The Chinese Investment Riddle: What Cities RevealCommentary
While China's investment story seems contradictory from the outside, the real answers to Beijing's high-quality growth ambitions are hiding in plain sight across the nation's cities.
Yuhan Zhang
- Using China’s Central Government Balance Sheet to “Clean up” Local Government Debt Is a Bad IdeaCommentary
China's stimulus addiction cannot go on forever. Beijing still has policy space to clean up the country's massive debt issue, but time is running short.
Michael Pettis
- Why China Should Revalue the Renminbi—And Why It Can’t Easily Do SoCommentary
A quick look at the complexities behind Beijing’s enduring Catch-22 situation with revaluing the Renminbi, despite advantages of a stronger currency.
Michael Pettis
