Oman Oil and Gas Upstream Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Oman Oil and Gas Companies and it is segmented by Location of Deployment (Onshore and Offshore). The market size and forecasts for Crude Oil Production (in thousand barrels per day) and Natural Gas Production Forecast (in billion cubic feet).

Oman Oil and Gas Upstream Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Oman Oil and Gas Upstream Market Size

Oman Oil and Gas Upstream Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 5.00 %
Market Concentration Low

Major Players

Oman Oil and Gas Upstream Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Oman Oil and Gas Upstream Market Analysis

The Oman Oil and Gas Upstream Market is expected to register a CAGR of greater than 5% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Currently. The market has reached pre-pandemic levels.

  • In the long-term, supportive government policies, efforts to grow the offshore sector, and upcoming projects are the key drivers for the country's oil and gas upstream market. Also, the increased exploration activities in the country are expected to be the significant driver for Oman's oil and gas upstream market.
  • On the other hand, the requirement for high capital investment and a lack of financing due to a global economic slowdown are some restraints for Oman's oil and gas upstream market.
  • Nevertheless, many discoveries in recent years and ongoing exploration activities are the key opportunities to provide a significant opportunity for the country's oil and gas industry market players.

Oman Oil and Gas Upstream Industry Overview

The Oman oil and gas upstream market is fragmented. Some key players (in no particular order) are BP Plc, Royal Dutch Shell, Oman Oil Marketing Company SAOC, Total SA, and Eni Spa, among others.

Oman Oil and Gas Upstream Market Leaders

  1. BP Plc

  2. Royal Dutch Shell

  3. Oman Oil Marketing Company SAOC

  4. Total SA

  5. Eni SpA

  6. *Disclaimer: Major Players sorted in no particular order
Oman Oil and Gas Upstream Market Concentration
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Oman Oil and Gas Upstream Market News

  • In November 2022, Masirah Oil, a subsidiary of Singapore's Rex International, commenced the drilling for an exploration well, Yumna Field offshore, Oman. The company is using a jack-up rig from Shelf Drilling. The Yumna 4 appraisal/exploration well on the Yumna field was spudded on 11 November 2022. The well will be deepened at about 3000m, and the drilling operations will last approximately 60 days.
  • In August 2022, Maha Energy announced the signing of its agreement with Gulf Drilling Company for drilling a minimum of six wells in Block 70 onshore Oman. Oman's Ministry of Energy and Minerals awarded Maha Energy the exploration and development rights for the concession Block 70 in October 2020.

Oman Oil and Gas Upstream Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Oil and Gas Reserves, 2022
  • 4.3 Oman Crude Oil Production Forecast in thousand barrels per day till 2027
  • 4.4 Oman Natural Gas Production Forecast in billion cubic feet till 2027
  • 4.5 Recent Trends and Developments
  • 4.6 Government Policies and Regulations
  • 4.7 Market Dynamics
    • 4.7.1 Drivers
    • 4.7.2 Restraints
  • 4.8 Supply Chain Analysis
  • 4.9 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Location of Deployment
    • 5.1.1 Onshore
    • 5.1.2 Offshore

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Petroleum Development Oman
    • 6.3.2 Royal Dutch Shell Plc
    • 6.3.3 Oman Oil Company SAOC
    • 6.3.4 Petrogas E&P LLC
    • 6.3.5 Occidental Petroleum Corporation
    • 6.3.6 Tethys Oil AB
    • 6.3.7 BP Plc
    • 6.3.8 Total SA
    • 6.3.9 Daleel Petroleum LLC
    • 6.3.10 Eni SpA
    • 6.3.11 PTT Exploration and Production Public Company Limited (PTTEP)
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Oman Oil and Gas Upstream Industry Segmentation

The upstream market refers to the initial operation stage in the value chain of the Oil and Gas sector. It involves activities such as exploration, drilling, and production. The companies involved in the upstream segment perform preliminary inquiries into natural resources through extraction. Land Surveys, Marine Seismology, and other methods are some of the activities to locate the resources. The projects in Oil & Gas upstream market are capital-intensive.

The market is segmented by location of deployment, such as onshore and offshore. The report offers the market size and estimates for crude oil production forecast (in thousand barrels per day) and natural gas production forecast (in billion cubic feet) for all the segments.

Location of Deployment Onshore
Offshore
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Oman Oil and Gas Upstream Market Research FAQs

What is the current Oman Oil and Gas Upstream Market size?

The Oman Oil and Gas Upstream Market is projected to register a CAGR of greater than 5% during the forecast period (2025-2030)

Who are the key players in Oman Oil and Gas Upstream Market?

BP Plc, Royal Dutch Shell, Oman Oil Marketing Company SAOC, Total SA and Eni SpA are the major companies operating in the Oman Oil and Gas Upstream Market.

What years does this Oman Oil and Gas Upstream Market cover?

The report covers the Oman Oil and Gas Upstream Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Oman Oil and Gas Upstream Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Oman Oil and Gas Upstream Industry Report

Statistics for the 2025 Oman Oil and Gas Upstream market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Oman Oil and Gas Upstream analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.