MAERSK, QP END HIS­TORIC PART­NER­SHIP

Qatar Today - - BUSINESS | OIL & GAS -

The tie-up be­tween Maersk Oil Qatar (MOQ) and Qatar Petroleum (QP) that op­er­ated the coun­try's largest offshore oil field, Al Sha­heen, ended af­ter 25 years.

Since 1992, the part­ner­ship be­tween MOQ and QP was in­volved with five ma­jor Field Devel­op­ment Plans in­volv­ing the in­stal­la­tion of 33 offshore plat­forms and drilling of more than 350 wells. The field now pro­duces 40% of Qatar's oil.

“Al Sha­heen is one of Qatar's great as­sets, which over the past 25 years has de­manded con­stant in­no­va­tion, col­lab­o­ra­tion and ex­per­tise to over­come its com­plex­i­ties and build it into what it is to­day,” said Lewis Af­fleck, Man­ag­ing Di­rec­tor, MOQ.

The Al Sha­heen oil field will now be op­er­ated by a joint ven­ture com­pris­ing QP and renowned French oil and gas com­pany To­tal.

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