QatarEnergy has awarded four Engineering, Procurement, Construction, and Installation (EPCI) contracts worth more than US$6bn for the next development phase of the offshore Al-Shaheen field, which will increase production by around 100,000bpd
The four EPCI packages comprise a US$2.1bn contract awarded to a consortium of McDermott Middle East Inc. and Qingdao McDermott Wuchuan Offshore Engineering Co for nine wellhead platforms; US$4.9bn contract awarded to a consortium of McDermott Middle East Inc. and Hyundai Heavy Industries for a central processing platform; the EPC package for a riser platform valued at around US$1.3bn, awarded to Larsen & Toubro Limited; and a US$900mn contracts awarded to China Offshore Oil Engineering Co (COOEC) for subsea pipelines and cables.
Project Ru'ya
The award is part of Project Ru’ya, which will develop more than 550 million barrels of oil and will be executed over a period of five years, with first oil expected in 2027. The project includes the drilling of more than 200 wells and the installation of a new centralised process complex, nine remote wellhead platforms, and associated pipelines.
His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of QatarEnergy, said, “By awarding these contracts, we are taking an important step towards realising the full potential of Al-Shaheen field, which produces around half of Qatar’s crude oil today."
Al-Shaheen field, Qatar’s largest oilfield, is located 80km offshore Qatar and is among the world’s largest in terms of “oil in place”. The field commenced commercial production in 1994 and underwent significant development to reach an oil production rate of 300,000 bpd in 2007.The field is operated by North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%).
