Cooperation between governments, national oil companies (NOCs) and international oil companies (IOCs) and the application of innovative technologies is essential to unlocking additional hydrocarbon resources across the Middle East. Speaking on the eve of the International Petroleum Technology Conference, taking place at the Dubai World Trade Centre from 4 – 6 December, BP Middle East President AbdulKarim Al Mazmi highlighted the importance of partnership between NOCs and IOCs in meeting the regional oil & gas industry’s expansion targets. BP recently signed an exploration and production sharing agreement with the Sultanate of Oman for the appraisal and development of the Khazzan/Makarem fields and awarded seismic acquisition services, seismic reprocessing, select stage engineering and drilling rigs contracts as part of the six year programme to appraise the ‘tight’ gas reservoirs.
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