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Wednesday, February 11, 2009

Oman reports 3 new oil fields

ABU DHABI Ñ Oman has reported that the discovery of three oil fields will not immediately affect external production.   

The state-owned Petroleum Development Oman reported three new oil fields amid an increase in crude oil production in 2008.

Two of the fields Ñ Taliah and Malaan West Ñ were located in northwest Oman and the third was in the southeast.

"We are not ramping up oil production, but gas production has increased for local consumption," PDO managing director John Malcolm said on Feb. 9.

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Malcolm told a briefing that oil and condensate production reached an average of 633,000 barrels per day in 2008, Middle East Newsline reported. This marked the first increase Ñ from 607,000 barrels per day in 2007 Ñ in eight years.

"This is an important milestone that reflects a real turnaround in our fortunes," Malcolm said.

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