Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

BP to seal Omani Block 61 deal in 2013  Join our daily free Newsletter

MENAFN - 03/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) A BP official said that the deal between the company and the Omani Ministry of Oil and Gas to develop Block 61 tight gas fields in north-central Oman is expected to seal in 2013, reported Times of Oman.

At the current time, the British oil giant and the ministry are in an advanced stage to complete the agreement.

Once the agreement is concluded, the company will start the development of gas-rich Khazzan and Makarem fields, with a capital spending of USD24 billion.

The company said that the project's first phase spans over a 25 year-concession period, with the aim of producing 6.7 trillion cubic feet (TCF) of natural gas (1 billion standard cubic feet of gas on daily basis).

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help