Petroleum Development Oman

What Petroleum Development Oman does

Petroleum Development Oman (PDO) is the leading exploration and production (E&P) company in the Sultanate of Oman, structured as a joint venture between the Government of Oman, Shell, TotalEnergies, and Partex. Founded in 1937 and headquartered in Muscat, PDO controls approximately 70% of Oman's crude oil production and operates Block 6, the country's largest onshore oil and gas concession. The company exports 800,000-900,000 barrels per day through the Mina al Fahal terminal, and its operations support an estimated $2,975 million in annual non-oil economic contribution, with oil revenues accounting for over 70% of national export earnings.

PDO's product portfolio combines conventional upstream assets with a leading position in enhanced oil recovery (EOR) and renewable energy integration. The company operates Miraah, the world's largest solar thermal EOR installation at 330 MWth capacity delivering 6,000 tons of steam per day, and has deployed commercial-scale steam EOR at Amal West. Its renewable energy portfolio includes the 100 MW Amin Solar PV plant (operating since 2020), the 105 MW North Oman Solar project (energized Q2 2026), and the 234 MW Riyah twin wind farms (targeted Q4 2026). Technology differentiation extends to AI-driven predictive maintenance, satellite-based subsurface imaging, and emissions monitoring using VIIRS Nightfire data, with a stated 2026 target of 30% carbon emission reduction. Major capital projects include the commissioned Rabab Harweel integrated facility and the Yibal Khuff gas processing project.

Revenue is generated through oil and gas production and export, supplemented by In-Country Value (ICV) initiatives that have channeled approximately $2.5 billion in a recent year, created 17,500+ jobs, and built 83 manufacturing facilities. Go-to-market is primarily enterprise/governmental: PDO holds a state-backed concession, procures equipment and services through competitive tendering from international oilfield service firms (SLB, Lufkin, Huadong Engineering, Goldwind, Abraj), and co-invests in renewables with OQ Alternative Energy and TotalEnergies. Pricing is not publicly disclosed, and the company operates as a private joint venture, not a public entity.

Name

Petroleum Development Oman

Legal name

Petroleum Development (Oman and Dhofar) Ltd.

Website

https://pdo.co.om

Company type

Private

Founded year

1937

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Petroleum Development Oman (PDO) is Oman's largest oil and gas exploration and production company, operating Block 6 and producing approximately 70% of national crude output as a joint venture with Shell, TotalEnergies, and Partex.

Ownership category

akta.pro rank

Product category

Oil and Gas Exploration and Production

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (211), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

akta.pro secondary industries

Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Incentives, Grants & Program Administration (Auctions, Tenders, IRA/ITC/PTC Advisory) (EUAMAAAJ), Mineral Rights, Leasing & Land Management (EUALAAAB)

Keywords

• Oil and gas exploration
• Crude oil production
• Enhanced oil recovery
• Natural gas processing
• Renewable energy generation

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Oil and Gas Production and Export: PDO generates revenue primarily through exploration, production, and export of crude oil and natural gas. Oil revenues support over 70% of national export revenue. Operations contribute estimated $2,975 million annually across agriculture, mining, infrastructure, and rural development.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Petroleum Development Oman (PDO) is the leading exploration and production company in the Sultanate of Oman, operating the nation's largest onshore oil and gas concession (Block 6) under joint venture with the Government of Oman, Shell, TotalEnergies, and Partex. The company explores, produces, and exports crude oil and natural gas, with a growing portfolio of solar thermal, photovoltaic, and wind renewable energy assets that supply clean electricity and steam for enhanced oil recovery operations.

Product overview

Petroleum Development Oman (PDO) operates as the largest oil and gas exploration and production company in Oman, structured as a joint venture with majority Omani government ownership. The company's product portfolio centers on its core hydrocarbon production operations across Block-6 concession, complemented by a growing portfolio of renewable energy projects (Miraah Solar, Amin Solar, North Oman Solar, Riyah Wind Farms) that supply clean electricity to oil and gas facilities. Environmental projects including Nimr Reed Beds and Rima Water Treatment address produced water management, while enhanced oil recovery technologies represent a key differentiator. The company also offers technology services including wellheads, artificial lift systems (RDPCP), and satellite-based emissions monitoring. The Rawafid Projects program integrates wind and solar assets totaling 339 MW of renewable capacity expected operational by late 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Production and Export
• Natural Gas Production and Supply
• Sulphur Recovery Operations
• Miraah Solar Project
• Amin Photovoltaic Power Plant 100-megawatt solar photovoltaic power plant that started commercial operations in 2020, supplying renewable electricity to PDO's oil and gas operations.
• Rabab Harweel Integrated Project PDO's largest capital project in its history, an integrated sour gas development project representing a world-class addition to the portfolio and a major source of sustainable income for Oman.
• Yibal Khuff Project Mega project focused on gas processing from the Khuff formation, part of PDO's strategic development initiatives for tight gas production.
• Enhanced Oil Recovery (EOR) Operations Pioneering deployment of advanced EOR techniques including solar thermal steam EOR, CO2 injection EOR, polymer flooding, and steam injection to increase recovery rates from heavy oil fields such as Qarn Alam and Marmul.
• Budoor Tayseer Gas Project 15-year gas development project to produce sweet gas, condensate, and sulphur pellets, supporting PDO's production targets and local economic development.
• North Oman Solar Project 105 MW solar plant at Saih Nihada within Block 6 concession area, supplying clean electricity to PDO's oil and gas production facilities under the OQAE-TotalEnergies joint venture.
• Riyah Wind Farms (Riyah-1 and Riyah-2) Twin wind farm projects with combined generation capacity of 234 MW located in Dhofar Governorate, developed by OQ Alternative Energy and TotalEnergies to supply clean electricity to PDO's oil and gas operations, expected to reduce CO2 emissions by approximately 740,000 tonnes annually.

Quantifiable outcome

• 30% reduction in carbon emissions targeted for 2026
• +5 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature6 records

Partnerships

15 partnerships are on record, tiered flagship, minor, core and major.

• OQ Alternative Energy (OQAE)flagshipStrategic or Co-development Partner · 22 June 2026Joint venture partnership for North Oman Solar project (105 MW) and Rawafid Projects including Riyah-1 and Riyah-2 wind farms (234 MW combined). OQAE holds 51% stake while TotalEnergies holds 49%. Projects supply clean electricity to PDO's oil and gas production facilities.
• TotalEnergiesflagshipStrategic or Co-development Partner · 22 June 2026TotalEnergies is a joint venture partner (49%) with OQAE (51%) for renewable energy projects including the 105 MW North Oman Solar project and 234 MW combined Riyah-1 and Riyah-2 wind farms. TotalEnergies also holds stake in PDO joint venture and purchased 44 Omani cargoes through trading window.
• Oman LNG, Bank Muscat, GalfarminorStrategic or Co-development Partner · 17 May 2026Corporate backing for Al Jabal Al Akhdar tourism transformation project including rest house development in Saiq and pomegranate farming in Rummanah, alongside PDO's support for sustainable agriculture initiatives.
• Oman LNG, be'ahminorStrategic or Co-development Partner · 17 May 2026Collaborative participation in industrial and hazardous waste management workshop organized by Ministry of Energy and Minerals and be'ah as part of Oman Sustainability Week.
• Huadong Engineering CorporationcoreImplementation/ SI/ Consulting Partner · 9 March 2026Huadong Engineering Corporation serving as EPC contractor for Riyah 1, Riyah 2 and North Oman Solar projects with combined investment exceeding $230 million.
• Lufkin IndustriescoreTechnology or Integration · 24 February 2026Multi-year contract for rod-driven progressive cavity pumping (RDPCP) systems across Marmul and RTQ fields in South Oman. Lufkin has installed over 2,000 rod lift systems in Oman over two decades, achieving zero non-productive time and maintaining 87% local national workforce.
• Ion Exchange and Company LLCmajorImplementation/ SI/ Consulting Partner · 10 February 202620-year contract valued at approximately OMR 73.46 million (around Rs 1,730 crore) for design, construction, ownership, operation, and maintenance of potable water and sewage treatment facilities in South PDO Concession Area.
• GoldwindcoreTechnology or Integration · 2 February 2026Goldwind supplying 36 GWH-182 series wind turbines for Riyah-1 and Riyah-2 wind farms. The company announced successful installation of the first wind turbine at Riyah-2 project in Dhofar Governorate.
• SLB (Schlumberger)coreTechnology or Integration · 28 January 2026SLB awarded two five-year contracts by PDO to supply wellheads and artificial lift technologies for Block-6 operations. Contracts include low-pressure, high-pressure, thermal wellheads, electric submersible pumps, and progressive cavity pumps. SLB will expand local manufacturing capabilities in Oman at Rusayl and Nizwa facilities.
• SPETCO Middle East LLCmajorTechnology or Integration · 11 December 202515-year agreement to develop the Budoor Tayseer Gas Project producing sweet gas, condensate, and sulphur pellets supporting PDO's production targets and local economic development.
• Ministry of Energy and MineralsflagshipStrategic or Co-development Partner · 10 December 2025Government partnership for hazardous waste management workshop and sustainable building standards development as part of Oman Sustainability Week and Green Build Oman Summit.
• Abraj Energy ServicescoreTechnology or Integration · 4 December 2025Abraj secured contracts worth $280.7 million to provide four land drilling rigs to PDO for six years. Also signed additional contracts with PDO.
• EDO - Sumitomo Corporation Joint VenturemajorStrategic or Co-development Partner · 28 October 2025Joint venture between Energy Development Oman (EDO) and Sumitomo Corporation establishing Oman's first integrated energy supply chain management company in Duqm Special Economic Zone to strengthen energy ecosystem and optimize supply chain efficiency.
• Bureau VeritasmajorImplementation/ SI/ Consulting Partner · 11 January 2025Awarded Owner's Engineering Services contract by TotalEnergies to provide project management for development of solar and wind projects including 100 MW North Solar PV plant and two 100 MW wind farms.
• Shell, TotalEnergies, PartexflagshipStrategic or Co-development Partner · 1 January 2015PDO is a joint venture between the Government of Oman, Shell, TotalEnergies, and Partex. This is the core ownership structure of the company, with Shell holding significant stake. The partnership drives Oman's largest oil and gas operations including enhanced oil recovery and renewable energy projects.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Shell: Holds ~34% of PDO as a JV partner and is a co-owner of Miraah solar thermal EOR. Comparable as a global IOC with deep EOR, CCUS, and renewables capability, and direct operational overlap with PDO via the JV structure.
• BP: Global IOC that previously held interests in Oman and remains a strategic technology-transfer partner to PDO. Comparable in EOR, CCUS, and digital oilfield capabilities, though broader portfolio and not Oman-concentrated.
• Eni: Global IOC with strong upstream portfolio, mature EOR expertise, and active decarbonization programs. Comparable as a peer E&P operator with similar technology stack and transition strategy, though not Oman-concentrated.

Direct peers

• Abu Dhabi National Oil Company (ADNOC): UAE's national oil company operating upstream concessions and integrated energy value chain. Closely comparable to PDO as a state-backed regional E&P operator with similar scale, concession structure, and decarbonization programs.
• Saudi Aramco: The world's largest national E&P company, majority-owned by the Saudi government. Comparable business model (state-controlled upstream operator) though materially larger scale and integrated downstream; serves as the benchmark for Gulf national oil companies like PDO.
• QatarEnergy: Qatar's national oil and gas company with comparable state-controlled upstream structure, similar dual focus on hydrocarbons plus LNG and emerging renewable projects, and equivalent scale of national economic dependence.
• Kuwait Petroleum Corporation (KPC): Kuwait's national oil company operating upstream concessions on behalf of the state. Directly comparable to PDO in governance model (state-controlled), upstream focus, and role in national export revenues.
• OQ (Oman Integrated Energy Company): Oman's national integrated energy company with upstream, midstream, and downstream assets; partners with TotalEnergies in the renewable projects supplying PDO. Most direct domestic peer, sharing concession areas and national strategy.

Emerging players

• Occidental Petroleum: Operates Block 9 and other concessions in Oman and is a strategic technology partner to PDO. Comparable as a Western IOC with material Oman operations and similar focus on EOR and carbon-capture-enhanced oil recovery.

Regional players

• Sonatrach: Algeria's national oil and gas company operating upstream concessions on behalf of the state. Comparable in business model (state-controlled upstream operator in a hydrocarbon-dependent economy) though operating in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/PDOChannel
• Xx.com/PDO_OM
• Facebookfacebook.com/PetroleumDevelopmentOmanPDO
• LinkedInlinkedin.com/company/14355

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petroleum Development Oman