Wednesday, June 22, 2011
Dow Jones Newswires
LONDON
by Alexis Flynn
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.
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