About PDO : Petroleum
Development Oman is the foremost exploration and production company in the Sultanate.
It accounts for more than 70% of the country's crude-oil production and nearly all
of its natural-gas supply. The Company is owned by the Government of Oman (which
has a 60% interest), Royal Dutch Shell (which has a 34% interest), Total (which
has a 4% interest) and Partex (which has a 2% interest). The first economic find
of oil was made in 1962, and the first consignment of oil was exported in 1967.
of PDO :Oman's growth into a successful oil- and gas-producing nation had
humble beginnings � so humble, in fact, that it began with a dud. A geological survey
of the country in 1925 found no conclusive evidence of oil. Twelve years later,
however, when geologists began intensively searching for oil in neighbouring Saudi
Arabia, Oman's Sultan Said bin Taimur granted a 75-year concession to the Iraq Petroleum
Company (IPC). Pausing only for the Second World War, exploration for oil was underway
in Oman. The exploration and production operations were to be run on behalf of the
IPC by Petroleum Development (Oman and Dhofar) Ltd.
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