QatarEnergy and Japan’s Qatar Petroleum Development Company (QPD) signed a new agreement for the continued development and production of the Al-Karkara and A-Structures oil fields, located in the territorial waters of Qatar. The new five-year agreement, which commences on December 23 succeeds the development and production sharing agreement signed in December 1997. Under the new agreement, QPD will continue to act as the operator of the oil fields. The fields started production in March 2006, and since then have produced a total of 33.5mn barrels of crude oil.
- QatarEnergy Signs Agreement With QPD To Continue Al-Karkara And A-Structures Offshore Fields Development, production