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Petroleum Development Oman (PDO) is spearheading Oman’s energy diversification strategy with a $1 billion gas development initiative targeting the Haima reservoirs—Amin, Miqrat, and Barik. This flagship project aims to bring 12 new wells online, recovering an estimated 2.22 billion cubic metres of gas and 0.34 million cubic metres of condensate, significantly boosting domestic energy supply.
Scheduled to begin production in 2026, the project is aligned with Oman’s Vision 2040 and expected to generate over 1.4 terawatt-hours of electricity annually, while cutting emissions through cleaner fuel replacement strategies. This effort also supports national energy security and electrification needs.
Beyond hydrocarbons, PDO is ramping up broader development with pre-FEED to EPC tendering underway to support sour gas extraction and field optimization efforts
In tandem, PDO delivered record revenues in 2024—hitting approximately $22.5 billion, the highest in two decades—spurred by strong performance across both oil and newly developed gas assets
🔍 Why It Matters
- Energy security
The gas project reinforces Oman’s domestic supply in support of industrial and municipal demand.
- Economic impact
With billions invested and new wells operative, PDO is delivering sustainable growth and employment within the energy sector.
- Strategic alignment
The move supports Oman Vision 2040 by balancing hydrocarbons with cleaner, efficient energy sources.
- Environmental benefits
Producing gas for cleaner power generation helps lower overall emissions and reduce reliance on flared or imported fuels.
