Further to DEA 5 Jun '20, CNPC is reportedly in advanced talks to buy a 10% stake from BP in the Khazzan gasfield in block 61 for possibly USD 1.5 bn. BP runs the field with 60%, partners OOC + Petronas. Khazzan is said to be one of the largest fracking projects outside of the US and produces 1 Bcf/d, pushing to 1.5 Bcf/d by 2021.
(Oman B.) CNPC is reportedly in advanced talks to buy a 10% stake from BP in the Khazzan gasfield in block 61 for possibly USD 1.5 bn. BP runs the field with 60%, partners OOC + Petronas.