Oxy Qatar and Qatar Petroleum sign oilfield development deal

offshore qatar-Icethorn Wikimedia CommonsOxy Qatar has announced that it has signed a deal with Qatar Petroleum to work on the Phase 5 Field development plan of the offshore Idd El Shargi North Dome oilfield

The plan was prepared in close cooperation between Oxy Qatar and Qatar Petroleum under the development and production sharing agreement (DPSA), which was entered into in July 1994.

Company sources said that the work has already begun and the aim is to sustain oil production levels at about 100,000 bpd for the next six years.

The deal includes activities identified from upgraded reservoir simulation models to implement and improve water-flooding practices in oil producing reservoirs. It also comprises of drilling more than 200 additional production, water injection and water source wells, along with the installation of associated facilities required to support the additional wells.

Added facilities are likely to include minimum facilities platforms, wellhead jackets, fluid processing equipment and pipeline debottlenecking and water source projects.

Oxy Qatar, under separate contractual arrangements, also operates the Idd El Shargi South Dome oilfield and the Al Rayyan oilfield in Block 12.

 

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