BP EXPLORATION (EPSILON)

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BP is one of the world's leading international oil and gas companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items. BP has been operating in the Middle East for over 100 years. We have developed successful partnerships with national oil companies in the Middle East, bringing unparalleled scope and scale, in terms of technology, project management, managerial experience, capital and access to global markets.

BP - Oman

On 16th December, 2013, BP and the Government of the Sultanate of Oman signed a gas sales agreement and an amended production sharing agreement for the development of the Khazzan field, with BP as operator.

The full field development will involve a drilling programme of around 300 wells over 15 years to deliver plateau production of one billion cubic feet (28.3 million cubic metres) of gas per day and 25,000 barrels per day of gas condensate. This volume is equivalent to around a third of Oman’s total daily domestic gas supply and will make a significant contribution to ensuring continuing stable supplies from domestic sources.

BP is a major new investor in Oman, bringing pioneering technology and experience to develop one of the Middle East’s largest unconventional gas resources.

As one of the most successful energy companies in the world, our commitment to building a stronger, more sustainable energy future is matched by our commitment to the community.

After BP has signed the Khazzan agreement with Government of Oman in December 2013, and subsequently received the Royal Decree on 20th February 2014, BP’s Khazzan project entered the ‘Execute’ stage. Recently, BP has completed the KZN-13 vertical well as part of the continuing project appraisal and is currently drilling KZN-14 horizontal well as first development well. BP is also making progress in placing major contracts for the delivery of Khazzan and mobilising its project team for the construction phase of the project.

In its efforts towards delivering first gas in 2017, BP Oman achieved many milestones like safely decommissioning the Early Well Test (EWT) site in the end of January 2014 (ahead of schedule and below budget). BP also improved its understanding of the reservoir of KZN13 and KZN14 results along with the seismic work. In addition to that, increases the number of rigs from 1 to 4.

BP’s first efforts towards the Khazzan field development started early on in 2007, when BP signed an agreement with the Government of Oman for the appraisal and development of the Khazzan and Makarem gas fields in Block 61. In March 2011, BP Oman achieved a major milestone with the first gas delivery to the government from its extended well test project in Block 61. This successful pilot project has helped to demonstrate the potential of a much larger scale development.

In 2012, BP completed testing of a horizontal well in the Amin reservoir and completed the drilling programme and began stimulation and testing of a horizontal well in the Barik reservoir. BP also moved into the define stage of the Khazzan Project surface facilities engineering and began early work with many of the potential future contractors for the project.

BP Exploration (Epsilon) Ltd is pleased to support the Joint Supplier Registration System (JSRS) – which we regard as a unique opportunity for both Operators, National and International Suppliers of Oman’s Oil and Gas Industry. The development of this In Country Value Initiative (ICV) has been sponsored by the Oman Ministry of Oil and Gas (MOG), and supported by the ICV committee that includes all of the major Oil and Gas Operators in Oman.