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Oman Looks to Halliburton for Help
1 November 2004
Oman has awarded Halliburton contracts worth between $400–$500 million to help it shore up its rapidly dwindling production of crude oil.
Halliburton will assist state-controlled Petroleum Development Oman with oil well drilling, monitoring and production to help it raise its output to a targeted 800,000 barrels a day of crude by 2007.
Petroleum Development Oman, 34% owned by Royal Dutch/Shell Group, produces 95% of the country’s total current oil output of about 700,000 barrels a day. That 700,000 barrels per day is 11% lower than the average daily production of 785,000 bpd for the first four months of this year (earlier post), and off the peak production rate (961,000 bpd in 2001) by 27%.
This reinforces the hard-learned lessons about the dynamics of peaking in production—when decline begins after peaking, it soon accelerates. Even bringing in more enhanced oil recovery (EOR) technologies can’t push production back up to where it once was.
November 1, 2004 in Oil | Permalink | Comments (5) | TrackBack (0)
Comments
Posted by: Khalifa | July 16, 2006 at 05:07 AM
I have sent my resume to Halliburton Company to have a training there, because as it is required in our study that we have to take a training as Internship. Forthermore, I beleife that the people who are in this company will not cancel my toward to take this training in next summer at 16th of next month.
I wish you all the best...
Posted by: Dhiyab | May 06, 2007 at 09:51 PM
I am studying in Sultan Qaboos University, in College of commerce & Economoics. I am majored in Operation Management Dept.
Posted by: Dhiyab | May 06, 2007 at 09:54 PM
www.autogulf.ae offer free service for cars owners and dealers, to sell or buy cars in the Gulf GCC.
Posted by: khalid | June 23, 2007 at 02:10 AM
I wish to convey that I am a 3rd year Diploma Student of (Oil & Gas) Engg from (HCT).
The coursework at (Higher College of Technology), besides providing a strong (Oil & Gas) background.I am looking for an internship, which is an essential part of our degree requirement. I believe that an internship under your guidance would be an ideal adjunct to my diploma's degree in oil and gas engineering. My contribution would be in terms of my knowledge, skills and a very high degree of motivation.
Posted by: Asim | June 02, 2008 at 04:58 AM
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I'm expected to graduate from the Sultan Qaboos University (SQU) with a Bachelor of Science in Physics at the end of this summer semester (9th August). We have trained specially on solving problems. We are capable of analyze problems; find possible solutions and more than that is to recommend other methods on approaching the problem. I believe that with a hard work we can provide the best services. Let's grow it in our soul!