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GCC oil industry to focus on sustainability
(MENAFN) GCC oil firms must focus on economic sustainability in order to maintain the value of the region"s natural resources into the future.
The Petroleum Development Oman is known as a leader in enhanced oil recovery, finding innovative solutions to industry problems.
Moreover, savings can help offset instability in global oil prices, with the sultanate"s 2016 budget outlining 33 percent fall in oil and gas incomes to RO6.15b.
Accordingly, the firm needs to deliver on its core activities, involving safety, asset integrity, production, early monetization of exploration chances.
The Petroleum Development Oman is known as a leader in enhanced oil recovery, finding innovative solutions to industry problems.
Moreover, savings can help offset instability in global oil prices, with the sultanate"s 2016 budget outlining 33 percent fall in oil and gas incomes to RO6.15b.
Accordingly, the firm needs to deliver on its core activities, involving safety, asset integrity, production, early monetization of exploration chances.
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