PDO enhancing oil production, expanding gas operations

The year 2003 was good for gas-condensate reserves bookings but not much for black oil additions, said Petroleum Development Oman.PDO booked 830 bcf of gas and 86.2 million bbl of condensate based on discovery of Fakhr field and extension of Burhaan West field. It added 35.4 million bbl of oil reserves, all from near-field exploration.OGJ estimated Oman's yearend 2003 proved reserves at 5.5 billion bbl of oil and 29.3 tcf of gas.The company drilled 10 oil and 4 gas exploration wells in 2003, not all of which resulted in commercial discoveries. The discovery wells "provided data showing significant scope for additional reserve bookings," PDO said.Exploration in 2003 yielded a 42% comme...

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