The creation of the North Oil Company (NOC) was announced in June 2016 by QatarEnergy as a joint venture with TotalEnergies (30%), to develop and operate the Al Shaheen oil field for 25 years.[1] Operations, along with production, sale, and export of crude oil started on July 14, 2017.[2][3][4] TotalEnergies announced an investmeant of around $2 billion into the oil field between 2017 and 2022, and QatarEnergy announced that total investments into the field would be around $3.5 billion.[5][6][7]
From 1992 – 2017, the Al Shaheen Oil Field was developed and operated by Maersk Oil.[5][8][9]
In July 2017, the first crude tanker from Al Shaheen was loaded.[4] In November 2018, it was announced that PetroVietnam was contracted by NOC to further develop the second phase of the field up to 2020, including the erection of three new wellhead platforms and three bridges.[10]
Corporate structureedit
NOC is led by chief executive officer Frederic Paux. Khalid al Rumaihi is chairman of the board of directors. Other members of the board are Abdulaziz Al-Mannai, Jassim Al-Marzouqi, Mohammed Al Ghanem, Rashid Al Fehaidi, Hamad Al-Baker, Lionel Levha, Pierre Ranger and Laurent Wolffsheim.[11]
Operationsedit
North Oil operates the Al Shaheen Oil Field. The field is situated in Qatari waters, around 180 kilometers north from Doha, 80 kilometers north of Ras Laffan and the north-east coast of Qatar. Al Shaheen is the largest offshore field in Qatar and is part of the South Pars/North Dome Gas-Condensate field, stretching across 9,700 square kilometres in Iranian and Qatari waters. The field is considered one of the largest and most complex oilfields in the world.[3][12][13][14]
Current production of the field was 300,000 barrels per day (48,000 m3/d) in 2017, produced by 33 platforms and close to 400 wells. The field yields more than 100 million barrels per year, 45% of Qatar's total oil production.[15]
NOC's current goal is to maintain current production and output levels from the field, which is considered difficult in complex fields like Al Shaheen, given the natural decrease of pressure and resources.[3][5][13] In order to achieve their current goal, the company plans to drill more than 100 new wells up to 2022.[4]
Referencesedit
^"North Oil Co. takes over as operator of giant Al-Shaheen oil field in Qatar". World Oil. December 7, 2017. Retrieved April 27, 2020.
^"QP-Total JV North Oil Company to be inaugurated on July 14". Gulf Times. July 4, 2017. Retrieved November 28, 2019.
^ abc. Reuters. January 16, 2019. Archived from the original on January 16, 2019. Retrieved November 28, 2019.
^ abc"North Oil Company loads crude tanker from Al-Shaheen field". Gulf Times. July 26, 2017. Retrieved November 28, 2019.
^ abc"Total seeks exit from Dutch upstream with gas fields sale -sources". Reuters. January 15, 2019. Retrieved November 28, 2019.
^. Reuters. June 27, 2016. Archived from the original on November 28, 2019. Retrieved November 28, 2019.
^"Qatari-French ties marked by continuous co-operation". Gulf Times. December 8, 2017. Retrieved November 28, 2019.
^"Qatar: Advantages in Adversity". The Oil & Gas Year. Retrieved November 28, 2019.
^"Total lands stake in Qatar's Al Shaheen". The Oil & Gas Year. Retrieved November 28, 2019.
^"PetroVietnam lands Qatar contract". The Oil & Gas Year. Retrieved November 28, 2019.
^"A joint-venture between two world-renowned organisations". North Oil Company. Retrieved December 5, 2019.
"Qatar Petroleum Establishes “NORTH OIL COMPANY” for the Future Development and Operation of Al-Shaheen Oil Field and Selects Total as its Partner"
Company web Site
May 04, 2024
north, company, qatar, north, company, crude, natural, company, based, qatar, contents, history, corporate, structure, operations, references, external, linkshistory, editthe, creation, north, company, announced, june, 2016, qatarenergy, joint, venture, with, . North Oil Company NOC is a crude oil and natural gas company based in Qatar Contents 1 History 2 Corporate structure 3 Operations 4 References 5 External linksHistory editThe creation of the North Oil Company NOC was announced in June 2016 by QatarEnergy as a joint venture with TotalEnergies 30 to develop and operate the Al Shaheen oil field for 25 years 1 Operations along with production sale and export of crude oil started on July 14 2017 2 3 4 TotalEnergies announced an investmeant of around 2 billion into the oil field between 2017 and 2022 and QatarEnergy announced that total investments into the field would be around 3 5 billion 5 6 7 From 1992 2017 the Al Shaheen Oil Field was developed and operated by Maersk Oil 5 8 9 In July 2017 the first crude tanker from Al Shaheen was loaded 4 In November 2018 it was announced that PetroVietnam was contracted by NOC to further develop the second phase of the field up to 2020 including the erection of three new wellhead platforms and three bridges 10 Corporate structure editNOC is led by chief executive officer Frederic Paux Khalid al Rumaihi is chairman of the board of directors Other members of the board are Abdulaziz Al Mannai Jassim Al Marzouqi Mohammed Al Ghanem Rashid Al Fehaidi Hamad Al Baker Lionel Levha Pierre Ranger and Laurent Wolffsheim 11 Operations editNorth Oil operates the Al Shaheen Oil Field The field is situated in Qatari waters around 180 kilometers north from Doha 80 kilometers north of Ras Laffan and the north east coast of Qatar Al Shaheen is the largest offshore field in Qatar and is part of the South Pars North Dome Gas Condensate field stretching across 9 700 square kilometres in Iranian and Qatari waters The field is considered one of the largest and most complex oilfields in the world 3 12 13 14 Current production of the field was 300 000 barrels per day 48 000 m3 d in 2017 produced by 33 platforms and close to 400 wells The field yields more than 100 million barrels per year 45 of Qatar s total oil production 15 NOC s current goal is to maintain current production and output levels from the field which is considered difficult in complex fields like Al Shaheen given the natural decrease of pressure and resources 3 5 13 In order to achieve their current goal the company plans to drill more than 100 new wells up to 2022 4 References edit North Oil Co takes over as operator of giant Al Shaheen oil field in Qatar World Oil December 7 2017 Retrieved April 27 2020 QP Total JV North Oil Company to be inaugurated on July 14 Gulf Times July 4 2017 Retrieved November 28 2019 a b c Ex Ivory Coast leader Gbagbo intends to return home daughter Reuters January 16 2019 Archived from the original on January 16 2019 Retrieved November 28 2019 a b c North Oil Company loads crude tanker from Al Shaheen field Gulf Times July 26 2017 Retrieved November 28 2019 a b c Total seeks exit from Dutch upstream with gas fields sale sources Reuters January 15 2019 Retrieved November 28 2019 Total to invest over 2 bln in Qatar s Al Shaheen oilfield development CEO Reuters June 27 2016 Archived from the original on November 28 2019 Retrieved November 28 2019 Qatari French ties marked by continuous co operation Gulf Times December 8 2017 Retrieved November 28 2019 Qatar Advantages in Adversity The Oil amp Gas Year Retrieved November 28 2019 Total lands stake in Qatar s Al Shaheen The Oil amp Gas Year Retrieved November 28 2019 PetroVietnam lands Qatar contract The Oil amp Gas Year Retrieved November 28 2019 A joint venture between two world renowned organisations North Oil Company Retrieved December 5 2019 Al Shaheen Oil Field Offshore Technology 1992 Retrieved December 5 2019 a b North Oil Co takes over as operator of giant Al Shaheen oil field in Qatar World Oil December 5 2017 Retrieved December 5 2019 Al Shaheen North Oil Company Retrieved December 5 2019 Ramboll wins Al Shaheen pre Feed Offshore Magazine May 19 2017 Retrieved December 5 2019 External links edit nbsp Energy portal Qatar Petroleum Establishes NORTH OIL COMPANY for the Future Development and Operation of Al Shaheen Oil Field and Selects Total as its Partner Company web Site Retrieved from https en wikipedia org w index php title North Oil Company Qatar amp oldid 1208215710, wikipedia, wiki, book, books, library,
