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FinancialNews
10-04-18
Oman Oil Co, BP to proceed with 2nd phase of Khazzan gas field
(MENAFN) The Oman Oil Company Exploration and Production (OOCEP) will carry on with developing Ghazeer, the Khazzan gas field's second phase, in cooperation with BP.
The Khazzan field was found out in the year 2000 around 350 kilometers south-west of Muscat, as the development project was launched in 2014.
OOCEP was confirmed to own an interest in the field that reached 40 percent, with operator BP obtaining in 2016 a total of 60 percent interest.
State news agency WAM reported Ghazeer's final investment to have come up after the development first phase of Khazzan was commenced September of last year.
MENAFN1004201800450000ID1096715304
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