The Oman Oil Company Exploration and Production (OOCEP) and its partner, BP, announced on Monday that they will proceed with the development of Ghazeer, the second phase of the giant Khazzan gas field.
Around 350 kilometres south-west of Muscat, the Khazzan field was discovered in 2000 with development beginning in 2014. OOCEP holds a 40 percent interest in the field, in Oman’s Block 61, with BP, the operator, holding 60 percent in 2016.
The final investment decision for Ghazeer follows the successful start-up of Khazzan’s first phase of development in September 2017, state news agency WAM reported.
This project, which started production ahead of schedule and under budget, is now producing at design capacity of around one billion cubic feet (bcf/d) of gas a day and around 35,000 barrels a day of condensate.
The Ghazeer project is expected to come on-stream in 2021 and deliver an additional 0.5 bcf/d and over 15,000 bpd condensate production. Drilling on the first three development wells has begun, following appraisal drilling on Ghazeer last year.
Initial construction work has already started at Khazzan to accommodate a third gas train and associated infrastructure.
The Khazzan and Ghazeer developments are expected to deliver total production of 10.5 tcf of gas and around 350 million barrels of condensate up to the end of the concession agreement in 2043.
Source:http://www.arabianbusiness.com/energy/393822-oman-oil-co-bp-reveal-further-plans-for-giant-khazzan-gas-field