Oman To Take 40% Stake In Khazzan Tight Gas Deal
State-controlled Oman Oil Company (OOC) is set to take a 40% stake in BP Oman, once discussions over the long-awaited $15bn development of the Khazzan-Makarem tight gas fields in Block 61 conclude, and BP declares commerciality, Oman’s Minister of Oil and Gas Muhammad al-Rumhy has revealed.
Talks between the Omani government and the British oil major had been deadlocked for more than three years over a...