Report: QP, Total formally launching new Al Shaheen field operator

Qatar’s state run oil and gas company Qatar Petroleum and French oil giant Total are set to formally launch a joint venture company which will operate the giant Al Shaheen offshore oil field.

According to The Agence France Presse, which cited a statement by the two companies, the joint venture named North Oil Company will formally be launched on Tuesday.

Offshore Energy Today has previously reported that Total would take over the giant Al Shaheen oilfield from Maersk Oil in July when the Danish oil company’s 25 year production sharing agreement expires.

The French oil company outbid the Danish energy firm in a competitive process which Qatar Petroleum had initiated in 2015 for the further development and operation of its Al-Shaheen.

The North Oil Company will be will be 70% owned by QP and 30% by Total.

Following the decision by QP to award the stake to Total, Maersk Oil will leave Qatar.

Offshore Energy Today has reached out to Qatar Petroleum seeking confirmation and we will update the article if and when we receive a response.

Share this article

Follow Offshore Energy Today

Events>

<< Jul 2017 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Offshore Energy 2017

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event…

read more >

03rd OIL & GAS TANZANIA 2017

After a successful Oil & Gas Exhibition in 2016, Expogroup is all set for the 6th OIL & GAS AFRICA 2017…

read more >

Technology Forum (30th Offshore Licensing Round)

The event will bring operators, prospective investors and technology developers together and will cover technology areas that are critical…

read more >

SPE Offshore Europe 2017

Attending SPE Offshore Europe, recognised by offshore E&P professionals as Europe’s leading E&P exhibition and conference, will ensure you…

read more >

Jobs>

Assistant Driller

Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people.

apply

Electrician

For one of our clients we are looking for a Ships Electrician. Our client is a company with worldwide activities. You will work in a rotation of 4 till 6 weeks on and off.

apply

QC Coordinator Offshore

Do you attach great importance to quality and do you have an affinity with offshore projects? Then read about what Van Oord can offer you.

apply