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Prelude Floating LNG Terminal

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Probably the most exciting project in the world of Oil & Gas. The platform will be the largest ship ever built

Introduction

  • Oman is the largest oil and natural gas producer in the Middle East that is not a member of the Organization of the Petroleum Exporting Countries (OPEC)
  • According to the Oil & Gas Journal, Oman had 5.5 billion barrels of proved oil reserves as of January 2013. Oman's only export crude stream is the Oman blend, which is a medium-light and sour (high sulfur) crude. After declining for several years in the early 2000s, enhanced oil recovery (EOR) techniques, such as steam injection and miscible injection, have been the key driver of Oman's rebounding oil production since 2007.
  • Oman held 30 trillion cubic feet (Tcf) of proved natural gas reserves as of January 2013, according to the Oil & Gas Journal. In 2011, the country was the 5th largest dry natural gas producer in the Middle East and the 26th largest producer worldwide. Oman uses a significant portion of its natural gas production in oil extraction, reinjecting 22% of its dry production in 2012, according to IHS Global Insight.

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