BP said today that it had sanctioned the second phase development of the giant Khazzan gas field in Oman.
Oil major BP said today that its profits more than doubled in the third quarter of 2017, but its chief executive still thinks there is “room for improvement”.
Oil major BP has completed 70% of its work on the Khazzan gas field.
Oil major BP and its partners Oman Oil have agreed to develop a second phase of the Khazzan natural gas field bringing investment in the project to an estimated $16billlion.
BP has awarded a contract worth £80million to Carillon Alawi to help build the operational base and accommodation complex for its Khazzan gas project. The deal includes the construction of facilities as well as a residential complex for 250 personnel and other infrastructure buildings in the region, which is 350km from Muscat.