A COMPARISON OF OIL PRODUCION CAPACITIES IN OMAN AND MEXICO

Oil in Oman was not discovered in commercial quantities until 1962-decades after most of its neighbors. Unlike other Arab oil producing countries, Oman's oil fields are generally smaller, more widely scattered, less productive, and more costly. Moreover, Oman is not a member of OPEC or OAPEC, belonging instead to IPEC (independent petroleum exporter's)("Oman" 1997).

The nation has proven oil reserves of 5.1 billion barrels located in the main fields in the northern and central regions. The primary producing fields are the Yibal, Natih, Fahud, al-Huwaisah, Lekhwair, and Shibkah fields combined contain an estimated 1.8 billion barrels of reserves ("Oman" 1997).

At current production rates, Oman is projected to exhaust its oil reserves by around 2010 (Kaplow, 1998). But there have been successful exploration programs over the past several years resulting in annual reserve increases that have offset production deple

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Some common words found in the essay are:
Lekhwair Shibkah, Constitution Oil, G2 Oil, Pemex Mexico's, OPEC OAPEC, Oman January, United Crude, References Gribben, Unlike Arab, Mexico Mexico's, oil reserves, oil production, oman 1997, oil company, oil cut pledge, kaplow 1998, gribben 1998, proven oil, barrels reserves, exploration development, proven oil reserves, barrels day bbl/d, barrels day,
Approximate Word count = 665
Approximate Pages = 3 (250 words per page)