Asset Report
Khazzan (Block 61)
Report summary
Khazzan is a major tight gas project in central Oman, around 280 kilometres southwest of capital Muscat. Operator BP took FID on the first phase of development in December 2013, achieving first gas 45 months later in September 2017. The field produces 1 bcfd of gas. A second phase of development, sanctioned in 2018, will increase output to 1.5 bcfd. The second phase is currently due onstream in 2021. The field is hugely technically challenging, but has seen significant cost reductions due to better than expected reservoir performance. There remains large upside through possible future expansion.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
-
Geology
- Khazzan
- Makarem
- Well data
-
Exploration
- BP appraisal programme
- Recent appraisal
- Reserves and resources
- Production
-
Development
-
Phase 1
- Wells
- Hydraulic fracturing
- Drilling
- Gas processing
- Gas gathering
-
Phase 2 (Ghazeer)
- Wells
- Gas processing and gathering
- Contracts
-
Phase 1
- Infrastructure
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Costs
- Exploration and appraisal costs
- Capital costs
- Sales contracts
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Fiscal and regulatory
- Royalty
- Income Tax
- Signature bonus
- Other bonuses
- Abandonment
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Gas price
- Oil price
- Global Economic Model (GEM) File
- Economic analysis
Tables and charts
This report includes 24 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production Profile
- Infrastructure: Table 1
- Sales contracts: Table 1
- Sales contracts: Table 2
- Cash flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2020
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2020)
- Remaining PV Price Sensitivities
- Geology: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
What's included
This report contains:
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