BP in the present day introduced that, along with its companion the Oman Oil Company Exploration & Production, it has authorized the event of Ghazeer, the second section of the large Khazzan fuel discipline in Oman.

The remaining funding determination (FID) for Ghazeer follows the profitable start-up of Khazzan’s first section of growth in September 2017. This venture, which began manufacturing forward of schedule and underneath price range, is now producing at design capability of round 1 Bcfd and round 35,000 bpd of condensate.

Yousuf Al Ojaili, President of BP Oman stated: “Following the profitable startup of Khazzan, we’re happy to announce the sanction of Ghazeer, BP’s first venture FID of 2018. Through the switch of industry-leading expertise and know-how from BP’s international portfolio, we look ahead to futher growing this fuel discipline that’s anticipated to assist Oman’s vitality wants for a lot of a long time to come back.”

The Ghazeer venture is predicted to come back onstream in 2021 and ship a further zero.5 Bcfd and over 15,000 bpd condensate manufacturing. Drilling on the primary three growth wells has begun, following appraisal drilling on Ghazeer final 12 months. Initial development work has already began at Khazzan to accommodate a 3rd fuel prepare and related infrastructure.

The Khazzan and Ghazeer developments are anticipated to ship whole manufacturing of 10.5 Tcf of fuel and round 350 MMbbl of condensate by way of the tip of concession.

Source: www.worldoil.com

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