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BP launches production in Oman’s Khazzan gas field

BP launches production in Oman’s Khazzan gas field
Khazzan Gas Field

Mubasher: BP announced on Monday that it has begun production at the Khazzan gas field in Oman, according to a company statement.

The Omani oil and gas minister said that BP has successfully delivered the first phase of the project on time, adding that this will help in raising the Sultanate natural gas production and reserves, and will support the Omani energy strategy.

According to BP’s CEO, this is the sixth and largest of seven new upstream projects that are due to start for the British oil company in 2017.

The company also revealed that About 300 wells are expected to be drilled over the lifetime of the Khazzan field, noting that the two planned phases will develop an estimated 10.5 trillion cubic feet of recoverable gas resources.

BP is the lead partner in the project with a 60% interest, while Oman Oil Company for Exploration and Production holds 40%.

The two companies agreed last year to extend licensing agreements, paving the way for the development of a second phase of the Khazzan tight gas field and increasing expected production by 50%, Reuters reported.