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Maersk Oil Qatar (MOQ), the local subsidiary of Denmark’s Maersk Oil & Gas, on 20 December received approval from Qatar Petroleum (QP) for the next phase development of the Al-Shaheen oil field. Total capital expenditure of $5,000 million is planned under the new field development plan (FDP), which will more than double the production capacity of the offshore field. ‘We have added another milestone it is the single largest investment in the history of our oil field development. We are set to reach our target of 1.1 million barrels a day [b/d] capacity by the end of the decade,’ Energy Minister Abdullah bin Hamad al-Attiya said at the signing ceremony in Doha.