Malaysian oil and gas giant Petronas kicked off its Gas production in Oman’s Ghazeer field.
Petronas an oil and gas company which is owned by Malaysian Government has started production from the Ghazeer gas field in Block 61, Oman, Through PC Oman Ventures(subsidiary of Malaysian oil and gas giant Petronas) and its partners BP Exploration (Epsilon) Ltd and Makarim Gas Development LLC.
It was confirmed by The national oil firm that the production in Ghazeer gas has started three years after the Khazzan gas field (Phase 1) was brought online.
It was said with the Ghazeer gas field, the production capacity from Block 61 is expected to rise to 1.5 billion cubic feet per day with more than 65,000 barrel per day of related condensate.
Block 61 is operated by BP Exploration with a 60 % participating interest, while PCOVL holds 10 per cent and Makarim Gas holds the remaining 30 per cent.
“Petronas is delighted to be part of the Block 61 consortium which has delivered the start-up of Ghazeer ahead of schedule, amid challenging market conditions.
He added that Petronas looks forward to strengthening the partnership towards delivering clean, safe and reliable energy supply to Oman, in line with the country’s 2040 vision, in terms of supporting the growth of local industries, as well as diversifying its economy.
Petronas said Block 61, being one of the Middle East’s largest tight gas accumulations, has the capacity to deliver approximately thirty five per cent of Oman’s total gas demand with an estimated 10.5 trillion cubic feet of recoverable gas resources.
“As a progressive energy and solutions partner enriching lives for a sustainable future, our stronger commitment towards a lower carbon future is an essential part of PETRONAS’ sustainability agenda to deliver long-term positive impact wherever we operate,” Tengku Muhammad Taufik added.
