On behalf of the government of Qatar, the Qatar D Block and Royal Dutch Shell Group (Shell) and the China Nationwide Petroleum Company (CNPC) signed a new exploration and manufacturing sharing settlement.
The settlement signed in Doha, Qatar, three signatories had been Deputy Prime Minister and Minister of Energy and Industry Epudula the Hamad Al? Attiyah Excellency, the Netherlands Fu, CEO of Royal Dutch Shell Group Competition, the International Petroleum Investment Co., Ltd. Chief Accountant Zhao.
In line with the agreement, the three parties will jointly co-D block pure gasoline exploration. D block distribution of a total of 8089 sq. kilometers land in Kataerhai inside, close to Ras Laffan Metropolis.
D block mining exploration concession objective is to pre-Khuff (Peucedanum husband formation) geological layers. The overlying Khuff (Khufu group) layer comprises massive northern fuel field. D Block license extends to the northern a part of the underlying area.
This settlement is legitimate for a complete of 30 years, including the first exploration period of 5 years. In the primary exploration period, Shell and China Petroleum exploration will likely be conducted technical studies, two-dimensional and three-dimensional seismic data acquisition, processing, re-processing and interpretation, and play operations resembling exploration wells.
Shell as operator, will hold 75% stake, while China Petroleum holds 25% of Early the shares. Exploration and evaluation
If successful, Shell and China Petroleum and Qatar Petroleum will likely be below the supervision of the exploitation of natural gas. Beneath the settlement, Qatar Petroleum will purchase all the D block could also be output of natural gasoline. His Excellency the Minister
Attiyah said: “This new settlement is part of the plan, Qatar Petroleum, the plan seeks to implement the Emir Sheikh Hamad Bin Khalifa the Ale His Highness’s smart coverage and direction, a rise of their carbon
Hydrogen resource reserves to enhance oil and gas production potential, and further enhance the economic strength of Qatar. That is the Qatar gas reservoir exploration and pre-Khuff target signed the second agreement. Qatar Petroleum also ready the latest pre-Khuff gasoline exploration tenders once more. Shell is the event of Qatar’s proven natural fuel sources of the main traders. I’m very pleased that Shell has now invested in exploration. I welcome the Chinese funding in oil to Qatar. “
Fu tournament, mentioned: “We’re co-operation with Qatar Petroleum, two massive tasks?? Pearl GTL venture (PearlGTL) and Qatar Liquefied Natural Fuel four challenge (Qatargas4) development of a large a part of Qatar’s proven pure gas resources volume. I’m glad we now have the opportunity, along with the China Petroleum and pure fuel exploration for brand spanking new resources to assist promote the economic growth of Qatar. The settlement made full use of Shell in the realm pre-Khuff formation of experience and exploration of oil in Qatar in Qatar unparalleled expertise. “
Mr. Zhao Dong stated: “I’m pleased that we established with Qatar Petroleum and Shell, the cooperation between domestic business being an extension of Qatar. China is an important downstream market, China’s oil very very similar to the main resources of Qatar this country upstream partnership. ” Author Box gaga has 1 articles online
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