Callum Turcan
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Callum Turcan in Oil & Gas Investing,

BP Brings Fracking To The Middle East To Support High Dividend Yield

BP is planning to develop a substantial amount of Oman's natural gas potential through fracking. There is an estimated 100 Tcf of natural gas in place in the Khazzan tight gas field, which will pump out 1 Bcf/d of natural gas and 25,000 bpd of condensate at its peak. To read about how BP plans to support its high 6% dividend yield in part those this development, check out this article.