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Qatar’s North Oil Company (NOC) has granted several contracts for engineering, procurement, construction, and installation as part of the $6 billion Ruya offshore oilfield development. Ruya marks the latest expansion of NOC’s Al Shaheen oilfield, aiming for a peak oil production of 300,000 barrels per day. Amid its significant focus on expanding liquefied natural gas capacity, Qatar is also making substantial investments in vital offshore endeavors to maintain and increase crude production.

Qatar giant grants $6 billion awards for huge offshore oilfield development

Qatar’s North Oil Company (NOC) has granted several contracts for engineering, procurement, construction, and installation as part of the $6 billion Ruya offshore oilfield development. Ruya marks the latest expansion of NOC’s Al Shaheen oilfield, aiming for a peak oil production of 300,000 barrels per day. Amid its significant focus on expanding liquefied natural gas capacity, Qatar is also making substantial investments in vital offshore endeavors to maintain and increase crude production.

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