QP to Take Over Idd El Shargi North Dome Field

Laxman Pai
Sunday, October 14, 2018

Qatar Petroleum announced that it will manage and operate the Idd El-Shargi North Dome (ISND) field following the expiry of the Development & Production Sharing Agreement (DPSA) with Occidental Petroleum of Qatar on October 6, 2019.

Qatar Petroleum and Occidental Petroleum of Qatar signed the DPSA in 1994 for the management and operation of the Idd El-Shargi field north dome. The field was discovered in 1960 and lies 85 kilometers off the eastern coast of Doha.

Commenting on this announcement, Saad Sherida Al-Kaabi, the President and CEO of Qatar Petroleum, said “Managing and operating this important oil field showcases Qatar Petroleum’s distinctive technical capabilities in operating and managing oil & Gas fields, and maximizes the value for the State. It also further enhances our efforts to implement our ambitious growth plan designed to set Qatar Petroleum firmly on the road to becoming the best national oil and gas company in the world.”

He also added that “Qatar Petroleum will offer employment to all Occidental Petroleum of Qatar employees and look forward to welcoming them into the QP family.”

Al-Kaabi thanked Occidental Petroleum of Qatar and all its employees for their significant efforts and contributions in managing and operating the ISND offshore oil field during the past 24 years.

Categories: People & Company News Technology Engineering Industry News Oil Production

Related Stories

Acteon Acquired by Private Equity Investors with New CEO in Charge

First Production Starts at ADNOC’s Belbazem Offshore Block

Nexans Secures First Call-Off Under TenneT’s Offshore Wind Grid Deal

Current News

First Gas Export to Denmark from Tyra II Expected Today

Vattenfall to Take Part in IJmuiden Ver Offshore Wind Tender in Netherlands

Beach Energy to Let Go 30% of Workforce Amid Strategic Review

Ocean Infinity Inks Deal with Shell for Subsea Data Capture Services

Subscribe for OE Digital E‑News