PARIS — Total has signed an agreement with Qatar Petroleum, granting the Group a 30% interest in the concession covering offshore Al-Shaheen oil field for a period of 25 years beginning July 14, 2017.
The Al-Shaheen field produces 300,000 bopd. The concession will be operated by a new operating company held 70% by Qatar Petroleum and 30% by Total.
Located in Qatari waters 80 km north of Ras Laffan, Al-Shaheen field began production in 1994. The existing development consists of 30 platforms and 300 wells, and production from the field represents about half of Qatar’s oil production.