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  • Qatar Petroleum to manage and operate Idd El-Shargi North Dome offshore oil field next year
    édité le 15/10/2018 - Plus de news de "Qatar Petroleum" - Voir la fiche entreprise de "Qatar Petroleum"


Qatar Petroleum to manage and operate Idd El-Shargi North Dome offshore oil field next year
Qatar Petroleum announced that it will manage and operate the Idd El-Shargi North Dome (ISND) field following the expiry of the Development & Production Sharing Agreement (DPSA) with Occidental Petroleum of Qatar on October 6, 2019.

Qatar Petroleum and Occidental Petroleum of Qatar signed the DPSA in 1994 for the management and operation of the Idd El-Shargi field north dome. The field was discovered in 1960 and lies 85 kilometers off the eastern coast of Doha.

Commenting on this announcement, Mr. Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum, said “Managing and operating this important oil field showcases Qatar Petroleum’s distinctive technical capabilities in operating and managing oil & Gas fields, and maximizes the value for the State. It also further enhances our efforts to implement our ambitious growth plan designed to set Qatar Petroleum firmly on the road to becoming the best national oil and gas company in the world.” He also added that “Qatar Petroleum will offer employment to all Occidental Petroleum of Qatar employees and look forward to welcoming them into the QP family.”

Mr. Al-Kaabi thanked Occidental Petroleum of Qatar and all its employees for their significant efforts and contributions in managing and operating the ISND offshore oil field during the past 24 years.

About Qatar Petroleum

Qatar Petroleum (QP) is a state-owned corporation established by Decree Law No. 10 in 1974. It is responsible for all phases of the oil and gas industry in the State of Qatar.
The principal activities of QP, its subsidiaries and joint ventures are the exploration, production, local and international sale of crude oil, natural gas and gas liquids, liquefied natural gas, refined products, synthetic fuels, petrochemicals, fuel additives, fertilizers, steel and aluminium.
The operations and activities of QP and its affiliates are conducted at various onshore locations, including Doha, Dukhan and the Mesaieed and Ras Laffan Industrial Cities, as well as offshore areas, including Halul Island, offshore production stations, drilling platforms and the North Field.

About Occidental Petroleum

Occidental Petroleum Corporation (NYSE:OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East and Latin America. Headquartered in Houston, Occidental is one of the largest U.S. oil and gas companies, based on equity market capitalization. Occidental’s midstream and marketing segment gathers, processes, transports, stores, purchases and markets hydrocarbons and other commodities. The company’s wholly owned subsidiary OxyChem manufactures and markets basic chemicals and vinyls.


Origine : Communiqué Qatar Petroleum

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