BP Plans to Build 300 Wells in Oman

LONDON (Dow Jones Newswires), June 22, 2011

BP aims to develop 300 natural gas wells in Oman in what would be one of the company's largest global projects, Chief Executive Bob Dudley said Wednesday.

"Today we have just the three wells (in Oman), the plan is to have 300," Dudley said. Developing tight gas resources in the Gulf State "will be one of the largest projects in BP's portfolio."

Dudley's comments follow a recent report that BP is considering investing $15 billion over 10 years to develop the Block 61 tight gas fields in the country.

Citing the vice-president of BP Oman, Oil & Gas Journal reported that the company will submit a field development plan to the government early next year, which includes a 1.2 billion cubic-feet-a-day gas processing plant, with production seen starting by early 2017.

Copyright (c) 2011 Dow Jones & Company, Inc.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Equipment Operator - San Antonio
Expertise: Coil Tubing|Driller|Production Operator
Location: San Antonio, TX
 
Frac Supervisor - TX, ND, WY & OK
Expertise: WellSite Supervisor
Location: El Reno, 
 
United States Bossier City: Service Supervisor I - Frac/Acid
Expertise: Field Service Tech|WellSite Supervisor
Location: Bossier City, LA
 
search for more jobs

Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours