The core business of the company is the production of oil, exploiting and optimizing precious future reserves, which is our key contribution to the socio-economic development of the country.
Daleel Petroleum extracts hydrocarbons from Block 5 located in Al Dhahira Region. The concession is governed by a Petroleum Agreement with the Government of the Sultanate of Oman, represented by the Ministry of Oil and Gas.
When Daleel took over Block 5 in 2002 it was producing about 4,500 barrels per day (bpd). We used a different approach with horizontal water-flooding technology and gradually managed to increase our production up to almost 41.000 bpd on average in 2013. By 2015 our target is to achieve production of 50,000 barrels per day.
Daleel Petroleum is one of the leading oil producers in Oman. It is a growing company that has built a very good foundation of ever more efficient production, use of latest technology, ethical business and social responsibility. The company has a talented and loyal workforce, a roster of excellent contractors and a burning ambition to succeed. Our vision is for the long term development of Daleel and create value for Oman.
Our operation of the concession has been a very successful project. There are many reasons behind such impressive results, but the number one is patience. Daleel is very patient when it comes to investing time, capital, and human resources.