Petroleum Development Oman (in-house)

company 1 Deal 4 Partners

Muscat-based oil and gas exploration and production company operating the largest hydrocarbon concession in Oman. Produces approximately 70% of Oman's crude oil and operates extensive upstream infrastructure across onshore fields. Active in enhanced oil recovery, gas development, and energy transition initiatives.

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Founded 1937 12,000 employees Parent: Government of Oman (majority), Shell (34%), TotalEnergies (4%), Partex (2%)

Oil & Gas MajorOperatorDeveloperInvestor

Strategic Overview

Increasing investment in solar thermal for enhanced oil recovery to reduce gas consumption and carbon emissions.
Focused exclusively on upstream hydrocarbon operations within Oman under a long-term concession agreement.
Actively integrating energy transition technologies into existing oil field operations, particularly solar EOR and carbon management.

Deal History (1)

OQ Alternative Energy and TotalEnergies begin construction on 339 MW Rawafid renewable energy projects for PDO

Offtaker Solar, Onshore Wind Oman Oct 22, 2025

Investment Focus

Technologies

Solar1

Onshore Wind1

Geography

Oman1

Key People

Raoul Restucci

Managing Director

Ahmed Al-Mukhaini

Deputy Managing Director for Operations

Track Record

Years Active

Notable projects: Marmul Enhanced Oil Recovery Project, Yibal Khuff Redevelopment, Kauther Gas Project

Detailed Analysis

Sectors

UtilitiesEnergy Transition

Geographies

Oman (50 deals)

Deal Stage

GreenfieldBrownfieldOperating

Deal Structure

Joint DevelopmentEPC ContractConcession

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