Bidders for offshore deal include Chevron, ConocoPhillips, Maersk, Shell and Total
Five international oil companies have submitted bids to operate the Al-Shaheen field, Qatars biggest offshore oil field, according to a media report.
Bloomberg, citing people with knowledge on the matter, reported that US groups Chevron and ConocoPhillips, Denmarks Maersk Oil, UK-Dutch Shell and Frances Total have bid to enter a production-sharing agreement on the field.
State-owned Qatar Petroleum is expected to select an operator for the Al-Shaheen which currently produces about 300,000 barrels a day (b/d) by the end of the year.
Maersk Oil has been the operator of the field since 1992 but its agreement with Qatar Petroleum expires in mid-2017.
Qatars oil attracting the big players
Offshore oil rig
Al-Shaheen is likely to be Qatars last major oilfield concession tender and it is clear that several oil majors are going to be queuing up to win the contract.
The offshore field is large (300,000 barrels a day) and while there are several technical challenges any asset that size is always going to attract interest, whatever the oil price. Read more
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.