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  • BP to develop second phase of Oman’s giant Khazzan gas field
    édité le 09/04/2018 - Plus de news de "BP" - Voir la fiche entreprise de "BP"


BP to develop second phase of Oman’s giant Khazzan gas field
BP announced that, together with its partner the Oman Oil Company Exploration & Production, it has approved the development of Ghazeer, the second phase of the giant Khazzan gas field in Oman.

The final investment decision (FID) for Ghazeer follows the successful start-up of Khazzan’s first phase of development in September 2017. This project, which started production ahead of schedule and under budget, is now producing at design capacity of around 1 billion cubic feet of gas a day (bcf/d) and around 35,000 barrels a day of condensate.

Yousuf Al Ojaili, President of BP Oman said: “Following the successful startup of Khazzan, we are pleased to announce the sanction of Ghazeer, BP’s first project FID of 2018. Through the transfer of industry-leading skills and technology from BP’s global portfolio, we look forward to futher developing this gas field that is expected to support Oman’s energy needs for many decades to come.”

The Ghazeer project is expected to come onstream in 2021 and deliver an additional 0.5 bcf/d and over 15,000 bpd condensate production. Drilling on the first three development wells has begun, following appraisal drilling on Ghazeer last year. Initial construction work has already started at Khazzan to accommodate a third gas train and associated infrastructure.

The Khazzan and Ghazeer, developments are expected to deliver total production of 10.5 tcf of gas and around 350 million barrels of condensate through the end of concession.

Notes:

- BP is the operator of Block 61 and holds a 60% interest. The Oman Oil Company Exploration & Production holds a 40% interest.
- In December 2013, the Government of the Sultanate of Oman and BP signed an amended exploration production sharing agreement (EPSA) for the development of the Khazzan Project for Block 61. The agreement was ratified in February 2014 by a Royal Decree issued by His Majesty Sultan Qaboos bin Said. The concession runs to 2043.
- In 2016, BP signed an agreement with the Government of the Sultanate of Oman to amend the Oman Block 61 exploration and production sharing agreement (EPSA). This has added a further 1,150km2 to the south and west of the original 2,800km2 Block 61 development, allowing a second phase of development, known as Ghazeer.
- Production began at Khazzan in September 2017 and it has recently produced at its design capacity of 1 bcf/d and ca. 35,000 bpd condensate.
- BP is one of the largest oil and gas businesses in the world and has had an upstream presence in Oman since 2007.
With its national oil company partners, BP is currently helping to develop more than 5.5 million barrels per day of oil and gas production throughout the Middle East.

About BP

BP (NYSE:BP) is one of the world's largest oil and gas companies, serving millions of customers every day in more than 80 countries, and employing nearly 85,000 people. BP's business segments are oil and gas exploration & production, and refining & marketing. In alternative energies, BP has low- and no-carbon wind and biofuels businesses. Through these activities, BP provides fuel for transportation; energy for heat and light; services for motorists; and petrochemicals products for plastics, textiles and food packaging. It has strong positions in many of the world's hydrocarbons basins and strong market positions in key economies.

About Oman Oil Company

Oman Oil Company S.A.O.C. (OOC) is a commercial company wholly owned by the Government of the Sultanate of Oman. The Company was incorporated in 1996 to pursue investment opportunities in the energy sector both inside and outside Oman. Through participation in energy and energy related projects, the Company plays an important role in the Sultanate's efforts to diversify the Omani economy and to promote Omani and foreign private sector investment.


Origine : Communiqué BP

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