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PETRONAS & Partners First Gas in Oman's Ghazeer Field

Gasoil News - Published on Fri, 16 Oct 2020

Image Source: Ghazeer Gas Field
PETRONAS through its subsidiary, PC Oman Ventures Ltd together with its partners, BP Exploration (Epsilon) Limited and Makarim Gas Development LLC, a subsidiary of OQ, announced the start of production from its Ghazeer gas field (Phase 2), located in Block 61, Sultanate of Oman, three years after the Khazzan gas field (Phase 1) was brought online. With Ghazeer, the production capacity from Block 61 is expected to rise to 1.5 bcf/d with more than 65,000 bbls/day of associated condensate. Block 61 is operated by BP Exploration (Epsilon) Limited with a 60% participating interest, while PCOVL holds 10% and Makarim Gas Development LLC holds the remaining 30%.

Block 61, being one of the Middle East’s largest tight gas accumulations, has the capacity to deliver approximately 35% of Oman’s total gas demand with an estimated 10.5 trillion cubic feet of recoverable gas resources. Development of the block is an important achievement and a key contributor towards Oman’s 2040 vision in terms of supporting the growth of local industries as well as diversifying its economy.

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Posted By : Yogender Pancholi on Fri, 16 Oct 2020
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