Occidental Petroleum Corp. of Qatar (Oxy Qatar), and Qatar Petroleum signed a deal on the Phase 5 field development plan (FDP) regarding the Idd El Shargi North Dome (ISND) offshore Qatar. Both companies plan to maintain the field’s output of about 100,000 bo/d through the next six years.
The scope of the agreement includes a US $3 billion investment into the improvement of water-flooding practices in all oil producing reservoirs, through drilling more than 200 additional production, water injection, and water source wells, and installing support facilities to support the new wells. The facilities will include minimum facilities platforms, wellhead jackets, fluid processing equipment and pipeline debottlenecking, and water source projects.
In addition, pilot studies to support produced water reinjection and enhanced oil recovery projects will be implemented, Oxy Qatar said.
Oxy Qatar also operates the nearby Idd El Shargi South Dome Field (ISSD) and the Al Rayyan Field in Block 12.
Occidental is the second largest producer of Qatari oil.
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