THE Oman Thread (merged)

NTBKtrader · Intermediate Crude Joined: Oct 19, 2004 Posts: 604

Oman: Oil output falls 4 pct
The statistical bulletin issued by the Ministry of National Economy showed that the Sultanate's total production of crude oil and condensates stood at 23,663.3 million barrels at the end of January 2005, against 24,647.5 million barrels during the same period in 2004, constituting a drop of 4 per cent. The bulletin stated that the average of daily production in January 2005 was 763.3 million barrels, against 795.1 million barrels in 2004, constituting a 4 per cent drop. ... However, exports rose
The Sultanate's total exports of crude oil reached 23,454.8 million barrels during January this year, compared to 22,763.7 million barrels during the corresponding period in 2004, constituting a rise of 3 per cent.
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khebab · Moderator Joined: Sep 27, 2004 Posts: 935 Location: Canada

How can we explain the difference between exports and production? stockpiles?

NTBKtrader · Intermediate Crude Joined: Oct 19, 2004 Posts: 604

Possibly, or internal demand fell?

EnviroEngr · Posted: Sat Mar 26, 2005 7:39 pm Post subject: Type of oil

Are they dumping a bunch of sour on the open market and keeping the sweet for themselves?
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seahorse · Expert Joined: Oct 15, 2004 Posts: 2230 Location: Arkansas

The article says it was a "rise" of 3% when the numbers posted in the article show it was a drop, not a rise. Just an incorrect use of a word, that's all.

EnviroEngr · Posted: Sat Mar 26, 2005 8:33 pm Post subject: Wrong

Look again. This year's #s are higher than last per their exports. Whether it's 3% or not, I'm too lazy to punch in the numbers; but, it IS higher.
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| Whose reality is this anyway!? |
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(-------< Temet Nosce >-------)
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seahorse · Expert Joined: Oct 15, 2004 Posts: 2230 Location: Arkansas

I looked again and you're right, my eyes deceived me.

pup55 · Expert Joined: May 26, 2004 Posts: 3801

Oman Depletion Curves

Follow this link and click on the 10-year graph if you want to see what a depletion curve looks like.

The IEA thinks that they will decline another 5% this year.

NTBKtrader · Intermediate Crude Joined: Oct 19, 2004 Posts: 604

The Sultanate's total exports of crude oil reached 174.85 million barrels during the first eight months in 2005, compared to 175.44 million barrels during the corresponding period in 2004, constituting a fall of 0.3 per cent.

The statistical bulletin issued by the Ministry of National Economy showed that the Sultanate's total production of crude oil and condensates stood at 188.19 million barrels at the end of August 2005, against 190.92 million barrels during the same period in 2004, constituting a drop of 1.4 per cent.

The bulletin stated that the average of daily production during the first eight months of 2005 was 774,400 barrels, against 782,500 barrels in 2004, constituting a one per cent drop.

http://www.menafn.com/qn_news_story_s.asp?StoryId=112478

nero · Posted: Sat Nov 05, 2005 11:06 pm Post subject: Re: Oman: Oil output falls 4 pct

0mar · Posted: Sun Nov 06, 2005 1:05 am Post subject: Re: Oman: Oil output falls 4 pct

nero · Posted: Sun Nov 06, 2005 1:30 am Post subject: Re: Oman: Oil output falls 4 pct

NTBKtrader · Intermediate Crude Joined: Oct 19, 2004 Posts: 604

Oil production falls 1.5pc- Oman
The Sultanate's total exports of crude oil reached 195.42 million barrels during the first nine months of this year, compared to 197.39 million barrels during the corresponding period in 2004, constituting a fall of one per cent.
The statistical bulletin issued by the Ministry of National Economy showed that the Sultanate's total production of crude oil and condensates stood at 211.2 million barrels at the end of September this year, against 214.33 million barrels during the same period in 2004, constituting a drop of 1.5 per cent.
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NTBKtrader · Intermediate Crude Joined: Oct 19, 2004 Posts: 604

Oil exports fall 4.6pc; gas output soars by 27.8pc
MUSCAT — The Sultanate’s total exports of crude oil stood at 82.88 million barrels during the first four months of 2006, compared to 86.85 million barrels during the corresponding period in 2005, constituting a fall of 4.6 per cent.
The statistical bulletin issued by the Ministry of National Economy showed that the Sultanate’s total production of crude oil and condensates stood at 90.98 million barrels by the end of April 2006, against 92.71 million barrels during the same period in 2005, constituting a drop of 1.9 per cent.
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pup55 · Expert Joined: May 26, 2004 Posts: 3801

This calls for a graph.

I wonder what the story is behind the 27% increase in natural gas consumption?

Maybe they're using it to pump water.