Qatar Seeks New IOC Partners To Develop Al-Shaheen Oilfield

Qatar is to throw open operatorship of its giant 300,000 b/d al-Shaheen oilfield in a tender that will likely see Danish incumbent Maersk compete against majors Shell, Total and Exxon.

Qatar Petroleum (QP) on 7 May invited a group of international oil companies to compete for the future operation and development of the offshore al-Shaheen oil field, when the current exploration and production sharing agreement (EPSA) with Danish firm Maersk expires in mid-2017.

The move ends speculation surrounding the further development of Qatar’s largest producing field and is the first step by Qatar, the second smallest producer in Opec after Ecuador, to lift sagging crude output. (CONTINUED - 1535 WORDS)