05 February 2025
05 February 2025
The company, majority-owned by Austria's OMV, faced lower oil prices, reduced sales volumes, and declining refining and sales margins.
These blocks, located across Oman's diverse geological basins, offer significant opportunities for investors interested in tapping into the country's hydrocarbon potential.
The shutdown occurred on Tuesday and repair works have been initiated, with a restart plan in the pipeline.
The project will upgrade infrastructure in the Bouri gas field, which is situated in water depths of 145–183m.
The agreement involves an SPS pre-commitment programme, with work commencing immediately to deliver two equipment packages.
The new FPSO is expected to achieve peak production of approximately 45,000boe/d.
The new terminal, with a capacity of 400,000bpd, is expected to be operational by early 2028.
FNA director for central banks and financial market infrastructure, Carlos León, outlines how US President Trump will impact the global CBDC project.
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