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First BP Oman Khazzan Fuel In 2017

MUSCAT, March 21, 2016 – BP Oman expects to complete the event part of its Khazzan natural fuel mission by 2017, focusing on first gasoline production by the top of that yr, the company stated on the occasion of the Ministry of Oil and Gas’ media briefing in Muscat on Sunday.

In 2015, BP Oman drilled 11 wells and recorded 2,800 sq. km of seismic. Since the beginning of the development phase in 2014, the company has drilled 31 wells. A total of 330 wells are planned all through the project’s lifecycle, which is able to run via 2043. BP Oman expects in-place gasoline reserves to be in excess of two.Eight tcm (a hundred tcf).

The event on Sunday also noticed the Ministry of Oil and Fuel elaborate on its plans for 2016, saying it could be reassessing the potential of Blocks 49, 52 an 30, which were returned to the ministry in 2015. The ministry’s existing agreements with the Occidental Petroleum-Petroleum Improvement Oman (PDO) and BP-PDO partnerships for blocks 62 and sixty one, respectively, had been extended. The ministry additionally signed an extension settlement with Petrol Oman for block 17.

In related information, PDO on the briefing announced it has achieved a production plateau average of 600,000 bopd in 2015, a stage it had expected to reach in 2019. State-owned Oman Oil Refineries and Petroleum Industries Company, on its half, stated that its Sohar Refinery Enchancment Project was scheduled for completion in Q4, 2016, enabling it to provide bitumen for the first time. The work should also oil refinery machine prices in india 3d increase output from 116,000 bpd to 198,000 bpd.

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