The British Oil and Gas Company (BP) announced that it will raise the volume of gas production in the Sultanate of Oman in the Khazzan and Ghazir fields, from one billion cubic feet per day to one and a half billion cubic feet per day.
This comes as part of Oman’s plan to increase gas production through several mega projects. BP is scheduled to raise the production of associated condensate, so that the increase will constitute a significant additional value for the national economy and for partners in the concession area, Oman News Agency reported.
The head of BP Oman, Eng. Yousef Al-Ajili, says that the company is working to build a balanced portfolio that will allow it to continue generating viable and high-value revenues, while transforming from an international oil company into an integrated energy company. He noted that the company’s strategy is to produce flexible hydrocarbons in more sustainable ways.
Al-Ajili stressed the company’s keenness to enhance the local added value in all its operations; During its development of Block 61 concession area, it worked closely with local companies to develop their capabilities and help them compete at the local and regional levels.
Al-Ajili explained that the block 61 concession area is capable of providing more than 30% of the total demand for gas in the Sultanate, adding that the gas extracted from this area is a key part of the integrated energy value chain, and will play a pivotal role in the sustainable development of the Oman.