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BP mulls $15 billion investment in Omani tight gas fields

08/01/2011
BP PLC is considering an investment of $15 billion over a 10-year period for full-field development of two low-permeability gas fields in Oman Block 61 in the Ghaba salt basin, said a senior executive of the firm. The project would entail development of Khazzan and Makarem gas fields, said Jonathan Evans, vice-president of BP Oman. "This will be a very large project…and will require approximately $15 billion in capital investment from BP to make that happen," Evans said. "About $10 billion of that will go into the drilling of wells and the rest will go for surface facilities." Khazzan and Makarem fields Khazzan is a combined structural-stratigraphic gas-condensate trap...
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