"PDO has been engaged for many years in applying new development strategies and technology to boost its oil production. And that pattern is set to continue," said PDO's new managing director, John Malcom.

PDO's production represents 35% of the Arab nation's gross domestic product and the dip in oil production in the past months led to a lot of speculation both inside and outside Oman, according to government officials.

Oman has known oil reserves of 50 billion barrels, of which 23% is recoverable using current technologies.