Asset Report
Khazzan (Block 61)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
- Summary
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Key Issues
- Khazzan
- BP appraisal programme
- Recent appraisal
- Emissions
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Phase 1
- Wells
- Hydraulic fracturing
- Drilling
- Gas processing
- Gas gathering
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Phase 2 (Ghazeer)
- Wells
- Gas processing and gathering
- Contracts
- Exploration and appraisal costs
- Capital costs
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Operating costs
- Cost Recovery
- Profit Petroleum
- Royalty
- Income Tax
- Signature bonus
- Other bonuses
- Abandonment
- Cash flow
- Gas price
- Global Economic Model (GEM) File
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Index MapDetail MapParticipation
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Operating Costs 2024 to 2033 (US$ million)Phase 1 annual gas pricePhase 2 annual gas priceCash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026
- 9 more item(s)...
What's included
This report contains:
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