QatarEnergy has awarded four contracts totaling more than $6bn to international consortia under the third phase of its plans to further develop its large offshore Al Shaheen field. QatarEnergy awarded the Engineering, Procurement, Construction, and Installation (EPCI) contracts as part of its plans to drill more than 200 wells, install a new centralized processing complex, nine remote wellhead platforms, and their associated pipelines.
Al Shaheen is operated by the North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%). The new phase of development dubbed “Ruya [vision]” aims to develop more than 550mn barrels of oil over five years with first oil expected in 2027, according to QatarEnergy. (CONTINUED - 711 WORDS)
