Khazzan Phase II Boosts Gas Outlook

摘要

BP and Oman Oil have signed a heads of agreement with the government of the Sultanate of Oman, committing to amend the Oman Block 61 exploration and production sharing agreement (EPSA). This will enable BP to develop the second phase of the Khazzan tight gas field in addition to extending the licence area of the block by adding a further 1,000 square kilometres(sq km) to the original 2,700 sq km. BP holds an operating interest of 60% with Oman Oil holding the remaining 40%.