IN the first half of this year Oman’s oil and gas sector attracted significant investments amounting to $5.84 billion, focusing on exploration, production, and project development, as reported by a senior official from the Ministry of Energy and Minerals (MEM) Oman.
Director General of Oil and Gas Exploration and Production at MEM, Dr Saleh bin Ali al Anbouri, reported that nearly 62 per cent of these investments were directed towards capital expenditure, covering activities like geological surveys, drilling, and facilities development.
The remaining 38 per cent constituted operating expenses, as highlighted in a statement to Oman News Agency.
Throughout the current year, oil companies operating in Oman have been actively engaged in drilling numerous exploration wells across various oil and gas concession areas, targeting diverse reserves and depths. Anbouri emphasised that the ministry ensures continuous supervision and followup to increase the number of exploration wells.
Initial results from the drilling campaigns show promising outcomes, subject to long-term testing, which are likely to extend for several months or more.
