QP committed to continue Al Shaheen project: CEO
The existing E&P sharing agreement with Maersk Oil Qatar that governs the operation of Al Shaheen field will expire mid-2017
Qatar Petroleum (QP) recently announced that it has plans to provide ‘continuity of service to the people’ who are contributing to the successful operations of its Al Shaheen project.
Addressing a Town Hall meeting with the employees of Maersk Oil Qatar, QP president & CEO Saad Sherida Al Kaabi said: “QP’s aim is to provide continuity of service to the people contributing to the success of Al Shaheen operations. QP supports those serving the development of Qatar; and as the heart of Al Shaheen, naturally, you will have a place in its future.”
Al Shaheen oilfield, located 80km off Qatar’s shores, and the largest in the country, currently producing at around 300,000 barrels of oil per day.
The existing exploration and production (E&P) sharing agreement with Maersk Oil Qatar that governs the operation of Al Shaheen field will expire mid-2017.
Last year, QP issued invitations to a group of leading international oil and gas companies to participate in a competitive evaluation process, with the successful company being selected for the field’s future operation and development. Maersk Oil Company is among the companies invited.
QP announced at the time that the selection of the partner will be based on its ability to offer the best technological solutions for the field’s development combined with the best financial return to Qatar.
‘In his speech to the employees of Maersk Oil Qatar, Al Kaabi signalled QP’s intention to offer continuity of service to people who are contributing to the success of Al Shaheen operation’, QP said in a statement.
‘He also expressed QP’s appreciation for the role that the employees have played in the development of Qatar’s largest oil field over the past 23 years’, the statement read.
“We should not lose focus of the safety and continuity of operations which are at the cornerstone of our objectives.” Al Kaabi said.