BP to Invest $750m in Oman to Assess Tight Gas Flows
British Petroleum is set to invest approximately $750 million to assess tight gas flows in Oman’s Block 61. "This phase is about acquiring production data for up to nine months to understand how the wells decline, and what that means in terms of how much gas could be delivered from the entire field," Jonathan Evans, a vice president for BP Oman said. The company will make an investment decision next year.
BP has drilled seven out of a planned nine wells in the rock with low permeability, which prevents gas from flowing on its own, the London-based company said in its in-house BP Magazine.
The company plans to appraise and develop the Khazzan and Makarem gas fields about 400km southwest of Muscat.
BP may produce as much as 1 billion cubic feet a day of unconventional gas from Oman, Evans said in November.
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