Oman is pumping 884,900 barrels per day (bpd) in 2011, up 2.3 percent from 864,600 bpd in 2010, according to a Reuters report citing Omani oil and gas ministry under secretary Nasser Al-Jashmi.
The official told Reuters that, despite an overall production rise, PDO assets had reported a fall in production fell from an average of 553,000 barrels per day of crude in 2010 to 549,280 bpd of oil in 2011.
The sultanate’s average gas production in 2011 also increased to 95.1 million cubic meters per day, up 4.4 percent from 2010, according to Reuters.
“The increase was due new discoveries of oil and gas,” Nasser Al-Jashmi told Reuters.
The average price of oil sold by Oman last year was $102.9 per barrel, up more than 34% from 2010’s $76.6 a barrel, thanks to a surge in global oil prices last year.
