NOC announces first crude oil lifting from Al-Shaheen field

 27 Jul 2017 - 0:26

NOC announces first crude oil lifting from Al-Shaheen field

The Peninsula

After its takeover of the operatorship of Al-Shaheen oil field on July 14, 2017, the North Oil Company (NOC) has successfully loaded the first tanker of crude oil.

NOC is an operating company created through a joint-venture agreement to operate and further develop the Al-Shaheen oil field for the next 25 years. It is a Qatari company, 70 percent owned by Qatar Petroleum and 30 percent by Total.

 “I am delighted that Al-Shaheen produced its first oil under the new operatorship”, said Jacques Azibert, Chief Executive Officer of North Oil Company.

“This event has great significance to us as it is the result of an intense and successful transition period and signals the start of Al-Shaheen’s long-term journey toward maintaining the longest possible production plateau and contributing to Qatar’s economic development.

“Progress on the Al-Shaheen field would not have been possible without the support of our shareholders; Qatar Petroleum and Total. I also congratulate the teams for their expertise and commitment in delivering this unique project, added  Azibert.”

 NOC is set to become a world leading offshore operator by applying cutting-edge, innovative and world-class technologies. Later this year, North Oil Company will resume development of the field with the mobilization of 3 drilling rigs to maintain production plateau. This campaign includes the drilling of more than 100 wells over the next 5 years.

Al-Shaheen oil field is located in Qatari waters 80 kilometers north of Ras Laffan with facilities consisting of 33 platforms, 300 wells and currently producing 300,000 barrels of oil per day.

Al Shaheen is Qatar’s largest offshore oil field and one of the largest offshore oil fields in the world.

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