BP and Oman sign extended licensing agreements paving the way for second phase of Khazzan gas field project
BP and Oman Oil Company Exploration & Production today signed an agreement with the Government of the Sultanate of Oman amending the Oman Block 61 exploration and production sharing agreement (EPSA) to extend the license area, paving the way for further development of the giant Khazzan tight gas field. Under the amended EPSA, the extension adds more than 1000 square kilometres to the south and west of the original 2,700 square kilometres of Block 61. The extension will allow a second phase of development, accessing additional gas in the area already identified by drilling activity within the original block. Development of this additional resource is subject to final approval of the Government of Oman and of BP – both expected in 2017.….