BP expects deal for Oman's Block 61 in 2013
- Oman: Monday, December 03 - 2012 at 04:28
British Petroleum (BP) has said its agreement with Oman government for a full-field commercial development of its 'Block 61' tight gas fields in north-central Oman is seen only next year, Times of Oman has reported. The British oil giant is in an advanced stage to finalise the deal, which will be the driving force for the development of gas-rich Khazzan and Makarem fields with a whopping capital expenditure of $24bn. In June 2007, BP signed a major exploration and production sharing agreement with the Omani government for the appraisal and development of the block and the two gas fields. The deal covers an area of some 2,800 sq km in central Oman, which contains a number of tight gas reservoirs which were first discovered in the 1990s.
- BlackBerry fans in UAE to be the first...
- BlackBerry gears up to open first Middle East...
- Iran plans national fleet expansion
- Gamification hits the Middle East
- Forum International introduces www....
- Twofour54 Briefing Room connects companies with...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.