DOHA: Qatar Petroleum (QP) has issued invitations to a group of leading international oil and gas companies to compete for the future operation and development of Al-Shaheen oilfield starting in mid-2017. The date marks the expiration of QP’s existing Al-Shaheen exploration and production sharing agreement with Maersk Oil of Denmark. Maersk Oil is among the companies invited to compete for the future development and operation of Al-Shaheen Field.
Saad Sherida Al Kaabi, President and CEO of Qatar Petroleum said: “The future operation and development of Al-Shaheen oil field is of critical strategic importance to the optimum exploitation of the natural resources of Qatar. Therefore, the selection of our partner in this endeavour will be based on such partner’s ability to offer the best technological solutions for the field’s development combined with the best financial return to the State.”
Al-Shaheen oil field, located 80km off Qatar’s shores, is one of the largest oil fields in the world.
The Peninsula
