BP starts production in Oman’s giant Ghazeer gas field

SectorOil & Gas

LONDON - BP has started production at Oman's giant Ghazeer natural gas field, which is set to underpin the company's oil and gas output for years as it shifts to renewables.The London-based firm said Ghazeer, the second phase of the development of Block 61, started four months ahead of schedule.BP is in the midst of the largest overhaul in its history after Chief Executive Bernard Looney set out a path to shift rapidly towards renewable power and reduce BP's oil and gas production by 1 million barrels per day (bpd) by 2030. But oil and gas is set to help pay for the move."It is absolutely central for BP because it generates the funding allowing us to invest in new businesses and transform the company," Gordon Birrell, BP head of ...read more...