BP Begins Production at Khazzan Gas Field
September 25 2017 - 3:08AM
Dow Jones News
Oliver Griffin
BP PLC (BP.LN) said on Monday that production from the Khazzan
gas field in Oman, the company's largest project start-up in 2017,
has begun, operated in partnership with Oman Oil Company
Exploration and Production.
BP said that production at the Khazzan field, which is initially
expected to produce 1 billion cubic feet of gas per day, began
ahead of schedule and under budget. The company also said that,
once development phases one and two are complete, the gas field
will produce up to 1.5 billion cubic feet of gas per day. Together,
phases one and two will develop an estimated 10.5 trillion cubic
feet of recoverable gas resources.
BP signed an agreement for Block 61, which contains the Khazzan
gas field, in 2007, and holds a 60% interest in the area. The
remaining 40% is held by the Oman Oil Company Exploration and
Production.
BP said that the Khazzan field was the company's sixth and
largest upstream project of the year, adding that it expects to
launch one more project before the start of 2018.
Write to Oliver Griffin at oliver.griffin@dowjones.com
(END) Dow Jones Newswires
September 25, 2017 02:53 ET (06:53 GMT)
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