BP starts Oman’s giant Ghazeer gas field


LONDON: BP started production at Oman’s giant Ghazeer natural gas field in Oman which is set to underpin the company’s oil and gas output for years even as it shifts to renewables.

The London-based company said in a statement that Ghazeer, the second phase of development of Block 61, started four months ahead of schedule and below its planned budget.

BP is in the midst of the largest overhaul in its history after CEO Bernard Looney set out a path to rapidly shift BP to renewable power and reduce its oil and gas production by 1 million barrels per day by 2030.