Oman has a significant oil and gas industry, with oil being the primary source of revenue for the country. Oman has an estimated 5.3 billion barrels of proven oil reserves, with an additional 10 billion barrels of probable reserves. Oil exploration in Oman dates back to the 1920s, with the first commercial discovery made in 1964.
Some notable oil exploration projects in Oman include:
- Ghawar Field Development Project
- Shahdadi Gas Field Development Project
- Khazzan Gas Field Development Project
- Khafji Oil Field Development Project
These projects aim to increase oil and gas production while ensuring sustainable development and environmental protection in the region.
