MAERSK, QP END HISTORIC PARTNERSHIP
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.