Insight
BP delivers first gas from Khazzan: a much needed boost to Oman's gas and LNG market
Report summary
The delivery of first commercial gas from the giant Khazzan field in Oman represents an important milestone for operator BP and partner OOCEP, who delivered the project ahead of schedule and significantly below budget. Gas from Khazzan will also prove important for securing Oman's energy future over the next decade. In the short-term, it presents an opportunity to export record LNG volumes from Oman's historically underutilised LNG plants, whilst also supporting Oman's growth plans. However, longer term, Oman will need to look for additional supply sources.
Table of contents
- Executive summary
- Khazzan: ahead of schedule and significantly under-budget
- A second phase will follow...
- BP's sixth major project to deliver in 2017
-
Omani gas demand driven by gas-intensive industry and power
- Industry
- Power
- Khazzan gas could drive record LNG exports
- Khazzan provides Oman's gas market some breathing space
Tables and charts
This report includes 6 images and tables including:
- Significant investment to date, with drilling requirements resulting in ongoing high levels of spending
- Khazzan will provide 35% of Oman's gas production when it reaches plateau in 2022
- A major component to BP's gas growth strategy
- The project is also critical for partner OOCEP
- Khazzan gas allows additional LNG exports
- Oman's gas supply-demand balance
What's included
This report contains:
Other reports you may be interested in
Asset Report
Khazzan (Block 61)
Khazzan is a major tight gas project in central Oman. The field will produce a total of 1.5 bcfd gas at its peak.
$5,750
Insight
Long-term Brent price maintained at US$65/bbl – oil and gas price assumptions versus forecasts
Defining our price assumptions and methodology, their use in our tools and services, and why these are independent of our price forecasts.
$1,350
Insight
Where next for Oman's gas growth?
Could LNG expansion be the logical next step?
$1,350
