The company said on Wednesday it had invited “a group of leading international oil and gas companies” to submit bids for the operation and development of the field following the existing contract’s expiration.
The Al Shaheen field is located 80 kilometres off the Qatari coast. Production at the field averages about 300,000 barrels of oil per day.
Maersk Oil was among the companies invited to bid, but the move is nonetheless a blow to the Danish company’s hopes of securing an extension through negotiations with Qatar Petroleum. Its 25-year contract for the field began in 1992.
“We have known that we would be challenged on terms and conditions in connection with the 2017 extension and have been awaiting more information on how Qatar Petroleum wished to go about such a process,” Maersk Oil CEO Jakob Thomasen said in a statement.
“We look forward to this opportunity to continue our partnership with Qatar Petroleum, based on our long term commitment and detailed technical knowledge.”
Click here for more news and features from Qatar.
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More
SLB OneSubsea and Subsea7 have signed a long-term strategic collaboration agreement with Equinor and begun work on two of its… Read More
This website uses cookies.