Qatar aims to raise oil output capacity by 30 percent
Qatar aims to increase its crude oil production capacity to one million barrels per day (bpd) from the current level of around 756,000 bpd, the Middle East Economic Survey (MEES) reported Monday.
The Cyprus-based specialist newsletter said the Qatar General Petroleum Corp. has opened talks with foreign companies operating in the OPEC member state on expanding the capacity of upstream operations, both onshore and offshore.
The biggest contributor to the 30 percent boost in capacity is likely to come from the onshore Al-Shahin field operated by Maersk Oil of Denmark, MEES said.
"Based on estimates of proven reserves, the plan is for capacity to be increased in two stages: to 170,000 bpd in 2002 and then, soon afterwards, to 250,000 bpd," from the current level of 120,000 bpd, the weekly said.
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