QP-Shell-CNPC JV signs exploration agreement

18 May 2010

Qatar Petroleum (QP) has signed an exploration and production sharing agreement (EPSA) with Shell and China National Petroleum Corp (CNPC) for the country's gas basin, Block D, the Peninsula has reported. The agreement will last for 30 years and begins with a five year first exploration period. Shell, as operator, will hold a 75% equity share with CNPC holding the remaining 25% share.

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.