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Oman

Oman has approximately 5 billion barrels of total proven oil reserves and 25 Tcf of proven natural gas reserves as at 31 December 2014*. Its total oil production averaged approximately 943,000 boepd and its total gas production averaged 29 billion cubic metres*.

Oman’s reserves are found mainly in the northern and central onshore areas, comprised of disparate clusters of smaller fields.

In August 2006, Kuwait Energy signed a service contract with a 15% revenue interest for the Karim Small Fields cluster located in South Oman. On 28 April 2015, a new 25-year service contract for the Karim Small Fields was signed and effective from 1 June 2015.

*According to the BP's Statistical Review of World Energy 2015 (June 2015).

Field Overview


Karim Small Fields

Location

Southern Oman

Type

Onshore (cluster of 18 small fields)

Operator

Medco Energi

Kuwait Energy Revenue Interest

15%

Other Parties

Medco Energi

Oman Oil

Petrovest

Vision Oil and Gas

Contract Date

August 2006

Contract Type

Service contract

*PSC Production Sharing Contract