Endowed with far more modest and geologically technical reserves than its neighbors, Oman has in recent years pursued several ambitious projects that are now paying huge dividends.
BP’s $16bn Khazzan tight gas project (BP 60%op, Oman Oil Company [OOC] 30%, Petronas 10%) stands chief among them: its 1bn cfd production essentially revitalized Oman’s gas sector and pushed its floundering LNG exports back up to full 10.4mn t/y capacity when the project ramped up in 2018 (MEES, 7 September 2018). (CONTINUED - 906 WORDS)
