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).
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Field Overview
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Karim Small Fields
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Location
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Southern Oman
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Type
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Onshore (cluster of 18 small fields)
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Operator
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Medco Energi
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Kuwait Energy Revenue Interest
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15%
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Other Parties
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Medco Energi
Oman Oil
Petrovest
Vision Oil and Gas
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Contract Date
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August 2006
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Contract Type
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Service contract
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*PSC Production Sharing Contract