Company’s acquisition of the field’s operations in 2017. Identified as Project Ru’ya, the third development phase has been spread over a span of five years, with first oil anticipated in 2027. North Oil Company is a joint venture (JV) between QatarEnergy (70%) and TotalEnergies (30%). “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. “I would like to thank North Oil Company and our longtime strategic partner TotalEnergies for their great efforts towards unlocking the true potential of Qatar’s hydrocarbon resources and maximising value from Al-Shaheen field through the implementation of world-class development and operational excellence programmes,” said Saad Sherida Al-Kaabi, the Qatar's Minister of State for Energy Affairs and president and CEO of QatarEnergy, while announcing the major contracts. The project will include a drilling campaign of more than 200 wells, installing a new centralised process complex, and nine remote wellhead platforms and related pipelines. Companies including McDermott Middle East, Qingdao McDermott Wuchuan Offshore Engineering, Hyundai Heavy Industries, and Larsen & Toubro, among others, bagged the four main EPCI contract packages. A US$2.1bn contract for nine wellhead platforms was awarded to a consortium of McDermott Middle East and Qingdao McDermott Wuchuan Offshore Engineering, while a US$1.9bn contract for a central Qatar is working to expand production at its largest offshore field. qatar Image Credit: Adobe Stock 10 ISSUE 5 2024 | oilreviewmiddleeast.com Al-Shaheen’s oil production rate reached 300,000 bpd by 2007.