Oman: gas gushes
Natural gas production from the giant Khazzan field has begun, as Oman seeks new energy investors in a stable corner of the Gulf
The Khazzan project, in the view of BP's Oman country manager, Yousuf al-Ojaili, is a big deal. He says it is "one of the biggest gas developments in the Middle East". When phases 1 and 2 are complete, the Khazzan project is expected to produce 1.5bn cubic feet a day, equivalent to 40% of Oman's gas supply. It's all happened fast. In December 2013, BP (operator with a 60% stake) and Oman Oil Company Exploration and Development (40%) signed an exploration production-sharing agreement (EPSA) for the Khazzan venture in Block 61 in central Oman. The EPSA was amended in 2016, increasing the size of the licence to allow the second phase of development. The project wasn't all plain sailing. Accordi
Also in this section
3 April 2025
IOCs and Western lenders are reluctant to commit to new oil and gas projects in African frontier countries
2 April 2025
The often-hidden yet powerful hand maintains supply chain linkages and global flows amid disruptions
2 April 2025
At some point it is likely that $70/bl will be quietly accepted as the producer-consumer sweet spot for a US administration having to balance both sides of the ledger
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
