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Markets :: Basic Chemicals :: Petrochemicals :: Acetic acid

BP and Oman sign major gas and acetic acid investment deal

1:56 AM MST | December 16, 2013 | Natasha Alperowicz

The government of Oman and BP today signed a gas sales agreement and an amended production sharing agreement for the development of the Khazzan field, with BP as the operator. The full field development will involve a drilling program of about 300 wells over 15 years to deliver plateau production of 1 billion cubic feet/day of gas and 25,000 bbl/day of gas condensate. These volumes are equivalent to about a third of Oman’s total daily domestic gas supply and will significantly contribute to ensuring continuing stable supplies from domestic sources. The...

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