Signed in Doha, Qatar Petroleum and Royal Dutch Shell Group (Shell) and the China National Petroleum Corporation (CNPC) agreed a new exploration and production sharing agreement.
The three parties will cooperate of D block natural gas exploration. At D block there is a total of 8089 square kilometers land in Kataerhai within, near to Ras Laffan City.
The Block D concession is for pre-Khuff geological intervals. The overlying Khuff layer contains large northern gas field. D Block license extends to the northern part of the underlying field.
Valid for 30 years, the agreement includes the first exploration period of five years, where in this period Shell and China Petroleum will be conducted technical studies, two-dimensional and three-dimensional seismic data acquisition, processing, re-processing and interpretation, and play operations such as exploration wells.
As operator, Shell will hold 75% stake, and China Petroleum holds the rest. Shell and China Petroleum and Qatar Petroleum will be under the supervision of the exploitation of natural gas. Under the agreement, Qatar Petroleum will buy all the D block may be output of natural gas.
This new agreement is part of Qatar Petroleum's plan seeks to increase of their carbon. Hydrogen resource reserves to enhance oil and gas production potential, and further enhance the economic strength of Qatar. Qatar Petroleum also prepared the recent pre-Khuff gas exploration tenders again.
Shell is the development of Qatar's proven natural gas resources of the main investors. The agreement made full use of Shell in the area pre-Khuff formation of experience and exploration of oil in Qatar in Qatar unparalleled expertise.
The three parties will cooperate of D block natural gas exploration. At D block there is a total of 8089 square kilometers land in Kataerhai within, near to Ras Laffan City.
The Block D concession is for pre-Khuff geological intervals. The overlying Khuff layer contains large northern gas field. D Block license extends to the northern part of the underlying field.
Valid for 30 years, the agreement includes the first exploration period of five years, where in this period Shell and China Petroleum will be conducted technical studies, two-dimensional and three-dimensional seismic data acquisition, processing, re-processing and interpretation, and play operations such as exploration wells.
As operator, Shell will hold 75% stake, and China Petroleum holds the rest. Shell and China Petroleum and Qatar Petroleum will be under the supervision of the exploitation of natural gas. Under the agreement, Qatar Petroleum will buy all the D block may be output of natural gas.
This new agreement is part of Qatar Petroleum's plan seeks to increase of their carbon. Hydrogen resource reserves to enhance oil and gas production potential, and further enhance the economic strength of Qatar. Qatar Petroleum also prepared the recent pre-Khuff gas exploration tenders again.
Shell is the development of Qatar's proven natural gas resources of the main investors. The agreement made full use of Shell in the area pre-Khuff formation of experience and exploration of oil in Qatar in Qatar unparalleled expertise.
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