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Oman is undergoing a gas revolution. The BP-operated Khazzan field on Block 61 (BP 60%, state Oman Oil Company 40%) started production in September 2017 and hit full Phase-1 output of 1bn cfd earlier this year. MEES estimates this will boost Omani gas output by 20% in 2018 ( MEES, 29 September 2017 ).
BP this month took a final investment decision (FID) on the 500mn cfd Phase-2 of Khazzan, commencing development drilling on the 3.5tcf project on 25 March. Total Block 61 reserves are 10.5tcf and BP country manager Youssef al-Ojalli expects first gas from Ghazeer, as Khazzan Phase-2 is known, in 2021.
With Khazzan Phase-1 at full capacity of 1bn cfd (10.3 bcm/y), 2018 gas production should rise about 20% from 2017 to around 47 bcm. (CONTINUED - 942 WORDS)
DATA INSIDE THIS ARTICLE
|table||Oman Gas Consumption (Bcm)|
|chart||1: Oman LNG Exports: 2017 Sees Record Volumes, Up 7% On 2016 (Mn T/Y)|
|chart||2: Oman Has Repeatedly Revised Down Projections For Peak Power Demand (Gw)…|
|chart||3: …And For Gas Fuel Requirements* (Bcm)|