Qatar: Total takes over from Maersk on Al-Shaheen field
Issue 1018
- 01 Jul 2016
| 1 minute read
French major Total has signed an agreement with Qatar Petroleum (QP) to take a 30% interest in the concession for the offshore Al-Shaheen oil field. The deal is for 25 years, starting from 14 July 2017. The remaining 70% of the concession will be held by QP. Total will take over from Denmark’s Maersk Oil, which has held the contract until now. Maersk warned investors last year that it was in danger of losing out, after QP decided to invite other companies to bid for the contract.
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