Qatar Petroleum assume campo de petróleo offshore de Oxy

Qatar Petroleum Takes Over Oxy’s Offshore Oil Field

Written by Paulo Nogueira

Published on 15/10/2018 at 07:07

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Qatar Petroleum Will Assume Management and Operation of the Idd El-Shargi North Dome Offshore Oil Field in Qatar from Occidental Petroleum.

The state energy company Qatar Petroleum said on Friday that it will acquire the Occidental field on October 6, 2019, after the expiration of the Development and Production Sharing Agreement (DPSA) signed with Occidental Petroleum in 1994. The Idd El-Shargi field was discovered in 1960 and is located 85 kilometers off the east coast of Doha.

Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum, said that “Managing and operating this important oil field demonstrates Qatar Petroleum’s distinctive technical capabilities in operating and managing oil and gas fields, and maximizes value for the state. It also further enhances our efforts to implement our ambitious growth plan, designed to firmly place Qatar Petroleum on the path to becoming the best national oil and gas company in the world.”

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