BP Oman to Launch 500-million-cubic feet gas project

BP Oman to Launch 500-million-cubic feet gas project

BP Oman has announced that it is set to launch a 500 million cubic feet per day (mcf/d) project from its Ghazeer development in Block 61, according to The Oman News Agency.

This project will effectively increase natural gas output at Block 61 to 1.5 billion cubic feet per day (bcf/d), in line with the 99% completion of Block 61’s second phase of BP investment in the facility.

Yousuf al Ojaili, Oman’s President, explained that natural gas production from the company’s Khazzan gas project now stands at 1 billion cubic feet a day. The company also produces 35,000 barrels of condensates per day, and this rate is set to double by the start of production at Ghazeer gas project.

As of now, 126 production wells have been drilled with a further 174 production wells due to be drilled within 15 years. Furthermore, an aggregate $9.3 billion out of a total commitment of $16 billion has so far been invested in both the Khazzan and Ghazeer fields.

BP is the main operator of Block 61 with a 60% stake, while the remainder is held by OQ (30%) and Petronas (10%).


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