BP hopes to agree terms for the broader commercial development of its tight gas project in Oman in 2013, with a final investment decision possible towards the end of the year, the British company's chief executive said on Monday.
BP has already invested $700 million in the project in Khazzan in central Oman but has been haggling over the price it will get for selling the gas produced to Oman on its tightly-controlled domestic market.
"We are very much committed to Oman," Bob Dudley told Reuters on the sidelines of a conference in Abu Dhabi. He said BP hoped to agree gas sales agreement terms sometime next year.
No comments:
Post a Comment