{"id":3214,"date":"2025-08-09T16:30:00","date_gmt":"2025-08-09T12:30:00","guid":{"rendered":"https:\/\/omanet.om\/en\/news\/business\/oman-gas-discovery-test-production\/"},"modified":"2025-08-09T20:38:27","modified_gmt":"2025-08-09T16:38:27","slug":"oman-gas-discovery-test-production","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/business\/oman-gas-discovery-test-production\/","title":{"rendered":"North Oman Gas &#038; Condensate Discovery Under Test Production: Implications for Investors and Businesses in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>MUSCAT:<\/strong> A significant hydrocarbon discovery has been announced by US energy company Occidental (Oxy) in one of its concessions in northern Oman, which is currently undergoing production testing and evaluation of appraisal and development plans.<\/p>\n<p>This announcement was made during the Q2 2025 Conference Call, hosted by senior executives at Occidental. Oxy Oman, a wholly owned subsidiary of Occidental Petroleum Corporation, stands as one of the largest independent investors in Oman&#8217;s upstream sector, with interests across eight blocks: 9, 27, 62, 30, 65, 51, 72, and 53.<\/p>\n<p>The newly identified resource, referred to as the <strong>North Oman Gas &amp; Condensate Discovery<\/strong>, is estimated to contain approximately <strong>250 million barrels of oil equivalent (boe)<\/strong>. The reservoir is currently in production testing, while plans for its appraisal and development are being assessed. Its proximity to existing infrastructure, including a gas plant with available capacity, represents a significant advantage.<\/p>\n<p>The highlight of the conference call was largely focused on developments concerning Oxy Oman\u2019s flagship asset, the Mukhaizna field in Block 53. A recent extension agreement with Oman\u2019s Ministry of Energy and Minerals, involving Oxy and other shareholders of Block 53, is anticipated to deliver substantial value and align with Oman\u2019s national objectives. Oxy indicated that there is potential to increase resources by over <strong>800 million gross barrels<\/strong> from this field, promising competitive project returns.<\/p>\n<p>Under the <strong>extension of the Block 53 Exploration and Production Sharing Agreement (EPSA)<\/strong> signed in May, Occidental Mukhaizna and its partners have pledged to invest an estimated <strong>RO 11.5 billion (around USD 30 billion)<\/strong> through 2050. These investments are aimed at enhancing production efficiency and incorporating advanced extraction technologies to optimize resource recovery within the block. To date, Oxy Oman has produced over <strong>640 million barrels<\/strong> from Block 53 through the operation of <strong>3,500 wells<\/strong>.<\/p>\n<p>During the conference call, Oxy&#8217;s President and CEO, Vicki Hollub, remarked, \u201cThat was an incredible agreement that we made with Oman because it benefits both Oxy and Oman, and it allows us the flexibility and possibility to invest there because now the economics will be comparable.\u201d<\/p>\n<p>Kenneth Dillion, Senior Vice President and President of International Oil and Gas Operations, emphasized the presence of multiple stacked pays\u2014distinct hydrocarbon-bearing layers\u2014within Block 53. \u201cWith all the work we&#8217;ve done there, what we see is multiple stacked pays across a very large block. In the North, we&#8217;ve been producing the layup wells, which don\u2019t require steam. So we see the extension as a win-win for both Oxy and the government, ensuring sustainability.\u201d<\/p>\n<p>Net hydrocarbon production from Oxy Oman\u2019s portfolio averaged <strong>76,000 barrels of oil equivalent per day (boepd)<\/strong> in the second quarter of 2025, an increase from <strong>64,000 boepd<\/strong> in the same period of 2024.<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitl8gak-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The <strong>recent hydrocarbon discovery by Occidental in Oman<\/strong> represents a significant opportunity for both domestic and international investors, creating <strong>potential for increased production and economic growth<\/strong>. With an investment commitment of <strong>RO 11.5 billion (approximately USD 30 billion)<\/strong> through 2050, businesses should watch for <strong>enhanced production efficiencies and the adoption of advanced technologies<\/strong> that could reshape the sector. Smart investors should consider positioning themselves strategically in related industries to leverage this imminent <strong>growth trajectory<\/strong> in Oman\u2019s oil and gas landscape.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Occidental (Oxy) has announced a significant hydrocarbon discovery in north Oman, currently undergoing production testing. The &#8220;North Oman Gas &#038; Condensate Discovery&#8221; is estimated to contain about 250 million barrels of oil equivalent. Oxy\u2019s investments and developments in the Mukhaizna field are also highlighted.<\/p>\n","protected":false},"author":5,"featured_media":3215,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[114],"tags":[442,224,161],"class_list":["post-3214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-energy","tag-oil","tag-oman"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/08\/3095019.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=3214"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3214\/revisions"}],"predecessor-version":[{"id":3216,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/3214\/revisions\/3216"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/3215"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=3214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=3214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=3214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}