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FINANCIAL NEWS
OOC will 40 percent of BP’s Block 61
22 Oct 2013
(MENAFN) Oman Oil Company (OOC) will have a 40 percent stake in BP”s Block 61 tight gas fields, Times of Oman reported.
The Omani minister of oil and gas said that the state-owned company will acquire the stake when BP declares commerciality once full-field development agreements are signed between the government and the company.
The investment for the development of Block 61 will be between USD15 billion and USD20 billion.
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