Qatar Invites Oil Firms To Bid For Al-Shaheen Oilfield From Mid-2017

Qatar Petroleum said on Wednesday it had invited international oil and gas companies to compete to operate and develop its Al-Shaheen oilfield from mid-2017.

Its existing 25-year exploration and production-sharing agreement with Maersk Oil of Denmark expires then.

Maersk is among the companies invited to bid for the new contract.

The oilfield, 80 kilometres (50 miles) off Qatar’s coast, is one of the largest in the world and currently produces around 300,000 barrels per day, Qatar Petroleum said.

It did not specify a deadline for submitting bids or say when a decision on awarding the contract would be made.