Gulf Oil and Gas accountACCOUNT

Block 61 Holds 100-150 TCF Gas

Source: Oman Observer 7/1/2013, Location: Middle East

Oman hopes to have an agreement signed and sealed with energy giant BP on the commercial development of its Block 61 tight gas reserves before the end of this year.

A top official confirmed to the Observer here yesterday that a provisional deal, termed as a ‘Heads of Agreement’, has been inked by the two sides, setting out the broad terms upon which a final agreement is now being pursued. “We have already signed the Heads of Agreement,” Nasser bin Khamis al Jashmi, Oil and Gas Ministry Under-Secretary, said.

A commercial agreement with BP will help unlock the prodigious potential of the Khazzan-Makarem field in Block 61, estimated at 100-150 trillion cubic feet (TCF) of gas in place. This bonanza in much-needed feedstock for Oman’s burgeoning electricity and water sector, as well as its rapidly expanding petrochemicals industry, is trapped in tight rock at depths ranging from 4,500–5,000 metres below ground.

Tight Gas News in Oman >>

United Arab Emirates >>  2/2/2019 - The Abu Dhabi National Oil Company (ADNOC) signed an agreement, awarding an onshore block – known as Onshore Block 3 – to US based international oil a...
United Arab Emirates >>  1/27/2019 - The Abu Dhabi National Oil Company (ADNOC) signed two new strategic equity partnerships with Eni and OMV covering both ADNOC Refining and a new tradin...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Oman Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |

Oil & Gas Projects in Oman >>

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.