Qatar's Al Khaleej offshore field onstream

Mar 12, 1997 01:00 AM

Qatar's Al Khaleej offshore oilfield, located some 155 km north-east of the peninsula, went onstream Mar. 8 with the commercial pumping of its first barrel of crude. The field will produce 6,000 bpd of oil, increasing gradually to 30,000 bpd by the end of the year. The Al Khaleej field, situated in block six, is being developed by a consortium of Elf Aquitaine and Agip, under a production-sharing agreement (PSA) with the Qatar General Petroleum Corporation (QGPC), signed in January 1989. Under the terms of the accord, QGPC, owner of the concession, granted Elf Aquitaine the right to operate the offshore oilfield. Elf has 55 % in the venture, in 1992, Agip acquired a 45 % stake in Al Khaleej. According to QGPC, the exploration agreement also calls for the French company to carry out seismic surveys over 5,600 sq. km of the field and drill seven wells. While Elf started initial work in 1991, in the second quarter of the following year it submitted a development and production plan to produce nearly 22,000 bpd of oil from Al Khaleej. However, it was in 1995 that elf started developing the field, following the installation of an offshore platform. The field is expected to produce 45,000 bpd by March next year.Al Khaleej's crude is of 29 degree API quality and will be mixed with Qatari marine oil to achieve a specified composition before it is sold in global markets.

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