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    Oman Expects Significant Rise in Gas Output

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Summary

Oman expects to see a substantial rise in its natural gas output over the next five years, news agency Reuters quotes the sultanate’s undersecretary for oil and gas as saying.

by: shardul

Posted in:

Asia/Oceania

Oman Expects Significant Rise in Gas Output

Oman expects to see a substantial rise in its natural gas output over the next five years, news agency Reuters quotes the Sultanate’s undersecretary for oil and gas as saying.

According to the news report, Oman aims to raise gas output to an average of 120 million cubic meters per day (mcm/d) over the five-year period from 2014 through 2018, Salim Al-Aufi said, a gain of 17.65 percent over 2013.

In 2013, gas production rose to an average of 102 mcm/d, up 3.7 percent from the previous year, adds Reuters.

The biggest contribution to rise is output is expected from BP’s Khazzan tight gas project, which expected to come online in 2017. The project is expected to add 28 mcm/d to gas output by 2018.

The British energy giant plans to drill around 300 wells over 15 years and produce about one billion cubic feet (28.3 million cubic metres) of gas per day and 25,000 barrels per day of gas condensate.

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