Majority state-owned Petroleum Development Oman (PDO) is trying to raise its primary and secondary crude oil production, rather than focusing on enhanced oil recovery (EOR) projects, the company’s managing director told press. “Our focus, however, in a low price environment, is less about EOR and more about primary and secondary (oil fields),” said Raoul Restucci. Restucci said presently enhanced oil recovery projects contribute 12-14% of PDO’s total crude oil production and the plan is to gradually raise it to 25% by 2020. However, it is not as high as the company had originally projected (few years ago). He added that the company is aiming at producing around 600k barrels of crude oil per day this year.   The PDO chief, while referring to its fund raising programmes, said the company would look at long-term financing opportunities. “We will look at additional option when we go forward.” The company will look at overseas markets in case it plans to raise additional funds. Of late, PDO has raised USD4bn from overseas markets for meeting its capital expenditure. (Times of Oman)