Qatar Petroleum taking over offshore oil field from Oxy

Qatar Petroleum will take over the management and operation of the Idd El-Shargi North Dome (ISND) offshore oil field in Qatar from Occidental Petroleum.

Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum / Image source: Qatar Petroleum
Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum / Image source: Qatar Petroleum

The state-owned energy company on Friday said that the takeover would take over the field form Occidental in October 6, 2019, upon the expiry of the Development & Production Sharing Agreement (DPSA) signed with Occidental Petroleum in 1994.

The Idd El-Shargi field was discovered in 1960 and lies 85 kilometers off the eastern coast of Doha.

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 said that Qatar Petroleum would offer employment to all Occidental Petroleum in Qatar, thanking Occidental Petroleum of Qatar “for their significant efforts and contributions in managing and operating the ISND offshore oil field during the past 24 years.”

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 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

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply