Indago’s acreage is predominantly gas and gas-condensate prone therefore any discoveries will require a secure gas market for the full realisation of value.
Notwithstanding the hydrocarbon reserves of the region, there are opportunities to supply gas into regional markets to meet real shortfalls in gas supply.
The rapid expansion and diversification of the industrial economies of Oman and the United Arab Emirates towards gas based industries has significantly increased the region’s domestic energy demands.
Over recent years a number of world-scale industrial projects have been initiated that require significant quantities of gas either as a feedstock, for fuel, or both.
Current volumes of proven reserves are insufficient to meet the growth in domestic demand and a significant shortfall of gas has been estimated over the next 20 years. To keep pace with this increasing demand gas is being imported from Qatar.
Indago believes that a deep market for gas exists in the region and any gas discovered in Oman or the United Arab Emirates will be able to compete effectively with imported gas.
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