Tuesday, 17 September 2019 08:54 GMT
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Oman's Khazzan project cuts well drilling cost by 40pct




(MENAFN) Khazzan project has cut the cost of drilling wells by 40 percent, while the first phase of the project was finished at a cost of USD1.7-1.9bn against the projected cost of USD2.1bn.

Accordingly, the project was finished ahead of its scheduled time of Nov, due to the efforts made by BP, the operator of Khazzan field.

Moreover, the second train will be finished by the end of the year with the same capacity, taking the whole production from the field to one billion cubic feet per day.

Meanwhile, Oman will continue to import gas from the Dolphin Gas project in order to meet the needs of industrial projects and the industrial zone in the Wilayat of Suhar.

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Oman's Khazzan project cuts well drilling cost by 40pct

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