Bids in for Al-Shaheen PSA

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Chevron Corporation, Royal Dutch Shell, Total SA, ConocoPhillips and Maersk Oil Qatar have bid for a production sharing agreement  for the offshore Al-Shaheen field, which currently produces 300,000 barrels a day (b/d), Bloomberg reported today.

Al-Shaheen accounts for about half of Qatar’s daily crude output and the same share of Maersk’s production. Qatar pumped 670,000 b/d in April, data compiled by Bloomberg show. Maersk Oil Qatar is the current operator and has developed and managed the field since 1992. Its agreement with QP ends in mid-2017.

The Al-Shaheen field consists of 131 operational production and water injection wells, 18 permanent platforms, and six production installations connected by 20 pipelines. It was fully discovered in 1992 by Maersk.