19 Jul 2010
(MENAFN) Maersk Oil and Qatar Petroleum (QP) have reached the production landmark of one billion barrels from Al Shaheen field in Qatar, The Peninisula reported.
Maersk Oil CEO, Jakob Thomason, said that When other oil companies shunned the field as uneconomical, Maersk Oil saw opportunities to unlock the tight reservoir.
Since taking over and developing the field in 1992 to first oil in 1994, the production curve has increased steadily to the current level of 300,000 barrels per day (bpd) whilst reducing gas flaring to a minimum.
The latest $6bn field development of Al Shaheen includes the installation of 15 new platforms, 163 new production and water injection wells and 140,000 tonnes of new facilities. During the comprehensive installation work, Maersk Oil managed a production uptime of over 99 percent without compromising safety whilst reducing gas flaring to a minimum..
Maersk Oil in Qatar currently employs 130 Qatari nationals as part of its international team of technical experts and managers. Maersk Oil is also an active partner and contributor to Qatar Science and Technology Park, where it will engage in research on improved and enhanced oil recovery as well as studies related to the environmental impact of offshore operations.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more