Starting from 14 July 2017, Total and Qatar Petroleum will take over the operatorship of the giant Al-Shaheen offshore oil field, for a period of 25 year. The concession will be operated by the North Oil Company (NOC), which was established a year ago as a partnership between Total (30%) and Qatar Petroleum (70%).
Located in Qatari waters, 80 kilometers North of Ras Laffan, the Al-Shaheen field began production in 1994 and produces 300 thousand barrels of oil per day. The existing development consists of 30 platforms and 300 wells, and production from the field represents about half of Qatar’s oil production.
The first phase of the development plan of Al Shaheen, consisting of the drilling of 56 new wells, will start this summer with the mobilization of the first two rigs, with a third one to be added at the beginning of next year. This first phase will be followed by two others over the next 5 years to further develop the field.
Present in Qatar since 1936, Total holds along with its partner Qatar Petroleum interests in the upstream part of Qatargas 1, in the Qatargas 1 liquefaction plant joint venture, in the Qatargas 2 train 5 joint venture, in Al-Khalij offshore oil field and in North Oil Company joint venture, which will operate as of July 2017 the giant Al-Shaheen offshore oil field producing 300,000 barrels per day.
“Total is fully committed to the development of its partnership with Qatar Petroleum both in Qatar and internationally, and is willing to further expand its cooperation in particular with new projects in Qatar”, said Patrick Pouyanné, Chairman and CEO of Total.
