Advertisement
|21 October, 2018

Oman Oil sells 10% stake to a petronas in Al Khazzan field -ONA

Petronas unit BC Oman will acquire the stake in Block 61 of the field

Image used for illustrative purpose. BP's Huge oil refinery complex continues it's 24 hour production of petroleum and gas

Image used for illustrative purpose. BP's Huge oil refinery complex continues it's 24 hour production of petroleum and gas

Getty Images

DUBAI: Oman Oil Exploration and Production, the exploration arm of state-owned Oman Oil, has sold a 10 percent stake in the Khazzan gas field to a subsidiary of Malaysia's Petronas Gas Berhad (PGB), Oman state news agency ONA reported on Sunday.

ONA said that Petronas unit BC Oman will acquire the stake in Block 61 of the field, which is expected to produce around 1.5 billion cubic feet per day by 2020.

Advertisement

(Reporting By Aziz El Yaakoubi Editing by Raissa Kasolowsky) ((aziz.elyaakoubi@thomsonreuters.com; +971552994086; Reuters Messaging: aziz.elyaakoubi.reuters.com@reuters.net))