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FINANCIAL NEWS
Oxy Qatar to start Phase 5 FDP at ISND oil field
25 Jul 2013
(MENAFN) Occidental Petroleum of Qatar and Qatar Petroleum will start Phase 5 of Field Development (FDP) in the offshore field of Idd El Shargi North Dome (ISND), Arabian Oil and Gas reported.
In accordance with the Development and Production Sharing Agreement (DPSA) between the government and Oxy Qatar, Oxy Qatar and Qatar Petroleum are continuing the development of ISND.
Work on the ISND Phase 5 FDP has started and the field will stay at production capacity of 100,000 barrels a day for the following six years.
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