UK-based multinational oil and gas corporation British Petroleum (BP) has revealed that it’s regional unit BP Oman is planning to commence delivering 500 million cubic feet per day of natural gas from its Ghazeer development in Block 61 before the end of this year, which would effectively increase the production from the block to 1.5 billion cubic feet (bcf) per day.
Yousuf al Ojaili, Country President of BP Oman, stated that the construction work on the Ghazeer development which forms part of the second phase of the energy major’s investment in Block 61, will be completed about 99 percent by year’s end.
Al Ojaili added that the Block is currently generating 1 bcf/day of natural gas and around 35,000 barrels per day (BPD) of condensate. Production of condensate is anticipated to double when Ghazeer will be fully operational.
Drilling of production wells is ongoing with 126 of a total of 300 wells proposed over the 15-year life of the project having been drilled to date as part of the Phase 1 Khazzan and Phase 2 Ghazeer developments.
Investments made thus far in harnessing the gas potential of the Khazzan and Ghazeer fields have aggregated to $9.3 billion out of a total allocation of $16 billion proposed during the life of the project.
BP Oman also has plans to generate about 10.5 trillion cubic feet (TCF) of gas reserves from the Block, which will contribute towards meeting the domestic demand. BP is the operator of Block 61 with a 60 percent stake, while the balance is held by OQ (30 percent) and Petronas (10 percent).