UK/Dutch oil major Shell Group fails to find commercial levels of gas at offshore block
The UK/Dutch Shell Group has dropped plans to carry out further exploration work at a gas concession in Qatar after failing to find commercially viable levels of hydrocarbons.
Block D was a 8.089 square kilometre area underneath Qatars North Field, the largest non-associated gas field in the world. Shell has now ceased all activity and was quoted as saying it remained committed to future plans in Qatar.
Shell owns 75 per cent of the concession with PetroChina owning the remaining 25 per cent. Qatar Petroleum was set to be the off-taker of any gas produced at the offshore site.