Oman to Sign Tight Gas Deal With BP by September, Observer Says

BP Plc (BP/) plans to sign a heads of agreement for Oman’s Block 61 natural-gas area by September, the Oman Daily Observer reported, citing an adviser to the country’s oil and gas ministry.

Negotiations are progressing well on a so-called tight gas project in the Khazzan-Makarem field to ensure production starts at the end of 2016, Shaikh Ali bin Thabit al-Battashi said, according to the newspaper.

To contact the reporter on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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