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Last Updated on 31
QatarEnergy has announced the award of the four main Engineering, Procurement, and Construction (EPC) contract packages related to the expansion of the Al-Shaheen field, which is the largest oil field in Qatar. The four EPC packages, with varying scopes of work, are estimated to value more than USD 6 billion.
Qatar Energy will increase the production of the Al-Shaheen oil field by about 100,000 barrels of oil per day. Furthermore, the award is part of project Ru’ya, the third phase of Al-Shaheen’s development.
Project Ru’ya will develop more than 550 million barrels of oil and will be executed over 5 years, with the first oil expected in 2027. The project includes the drilling of more than 200 wells and the installation of a new centralized process complex, nine remote wellhead platforms, and associated pipelines.
The four EPC packages have varying scopes of work. The EPC package for nine wellhead platforms was valued at about USD 2.1 billion and was awarded to a consortium of McDermott Middle East Inc. and Qingdao McDermott Wuchuan Offshore Engineering Co.
The EPC package for a central processing platform, valued at about USD 1.9 billion, was awarded to a consortium of McDermott Middle East Inc. and Hyundai Heavy Industries.
The EPC package for a riser platform valued at about USD 1.3 billion was awarded to Larsen & Toubro Limited.
The EPC package for subsea pipelines and cables valued at about USD 900 million was awarded to China Offshore Oil Engineering Co.
Mr. Saad Sherida Al-Kaabi, Minister of State for Energy Affairs and President and CEO of QatarEnergy, said, “By awarding these contracts, we are taking an important step towards realizing the full potential of the Al-Shaheen field, which produces around half of Qatar’s crude oil today.”
The Al Shaheen oilfield is a crown jewel in Qatar's energy portfolio, renowned for its sheer size, complexity, and technological prowess. Located approximately 80 kilometers northeast of Doha, this offshore giant sits atop the North Gas Field, one of the world's largest gas reserves. North Oil Company, a joint venture between TotalEnergies (30%) and QatarEnergy (70%) operates the field.
Al Shaheen currently produces around 32,000 cubic meters per day (approximately 200,000 barrels per day) of oil, representing a significant portion of Qatar's total oil output. Its peak production capacity is estimated to be around 41,000 cubic meters per day (260,000 barrels per day).
Al Shaheen boasts a complex infrastructure with 33 offshore platforms, over 300 wells, 20 pipelines connecting six production installations, and additional export pipelines for oil and gas.
Qatar Energy (formerly Qatar Petroleum) is a state-owned petroleum company in Qatar. It's responsible for all oil and gas activities in the country, including exploration, production, refining, transport, and storage. It is the third-largest oil company in the world in terms of oil and gas reserves. In 2021, it was the fifth-largest gas company globally. Here are some recent developments related to Qatar Energy:
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