BP Expands Scope Of Natural Gas Project In Oman

BP expands Scope Of $16B Natural Gas Project in Oman

 

BP Plc and Oman Oil Co. has agreed to expand an exploration and production sharing agreement of the Khazzan natural gas field to include a second development phase, at an estimated cost of $16 billion for the entire project. BP Plc has said that Block 61 will add 1,000 square kilometers (386.1 square miles) to the original 2,700 square kilometer area of development. The project will produce 1.5 billion cubic feet of gas per day, or 40 percent of Oman’s current output. The first phase of the project is expected to deliver gas in 2017 and the second will start in 2020.

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Protea Hotels Expands With New Development in Centurion

Protea Hotels has announced plans for the construction of a New Hotel with Extensive Conferencing Amenities in the area. According to the chief operating officer, Middle East & Africa, of Marriott International, Mark Satterfield, and Centurion continues to develop as a significant business and government hub in South Africa.

Bahrain Set to Issue Tender to Build 1,200 Homes

Tenders to build 1,200 housing units within Bahrain’s Al Ramli Housing Project will be launched in February. Work is underway to prepare the project site and ready it for construction work.

This process commenced once the development’s budget procedures were finalized. The tenders will be launched upon approval by the country’s Tender Board. Based in the Northern Governorate, the 3,520-unit housing project will feature key facilities such as mosques and schools. The Housing Ministry completed preparing general and detailed designs, as well as the documents of the tenders.