BP Oman is bracing for the launch of the 500-million-cubic feet gas project at Ghazeer field with the installations 99% ready for the start of production.
BP Oman Chairman Eng Yousef bin Mohammed Al-Ojaili said that production of gas from the company's Khazzan gas project now stands at 1 billion cubic feet a day and it will rise to 1.5 billion cubic feet a day.
The company also produces 35,000 barrels of condensates per day, and this rate is set to double with the start of production at Ghazeer gas project, he added.
Drilling at the company’s sites is progresses at full swing, said Al-Ojaili, noting that 126 wells were drilled at Khazzan and Ghazeer, out of a planned 300 wells over 15 years.
Al-Ojaili pointed out that the company has so far executed $9.3-billion-worth of investments out of a target of $16 billion planned for Block 61, which houses Khazzan and Ghazeer projects.
He reaffirmed that BP Oman is planning to develop its business towards the production of 10.5 trillion cubic feet from renewable gas resources at Block 61 (Khazzan and Ghazeer fields). He pointed out that gas produced by the company will considerably enhance the stability of supplies from local resources.
In 2016, BP and Oman Oil Company Exploration & Production signed a revised petroleum agreement with the Ministry of Oil and Gas to expand the concession area in Block 61 for Khazzan project to ensure developing Khazzan gas project through well-controlled quotas.
He explained that, as per the agreement, the expansion will extend the concession area of Block 61 south and west by about 1,000 sq km to be added to the project’s existing area of about 2,700 sq km.
The expansion will enable BP to start the second phase of developing the field in order to get additional resources of gas in the area demarcated during exploratory drilling operations.
OQ company owns 30% of the project, while Petronas owns 10% and BP 60%. BP Oman is the operator of the project.
