Qatar Petroleum to Manage and Operate Idd El-Shargi North Dome Field

Doha, October 14 (QNA) - Qatar Petroleum (QP) announced that it will manage and operate the Idd El-Shargi North Dome (ISND) field following the expiry of the Development and Production Sharing Agreement (DPSA) with Occidental Petroleum of Qatar on October 6, 2019. Commenting on this announcement, QP's Managing Director and CEO Eng. Saad bin Sherida Al Kaabi said "Managing and operating this important oil field showcases Qatar Petroleum's distinctive technical capabilities in operating and managing oil and Gas fields, and maximizes the value for the State." "It also further enhances our efforts to implement our ambitious growth plan designed to set Qatar Petroleum firmly on the road to becoming the best national oil and gas company in the world," he said, adding "Qatar Petroleum will offer employment to all Occidental Petroleum of Qatar employees and look forward to welcoming them into the QP family." Al Kaabi thanked Occidental Petroleum of Qatar and all its employees for their significant efforts and contributions in managing and operating the ISND offshore oil field during the past 24 years. Qatar Petroleum and Occidental Petroleum of Qatar signed the DPSA in 1994 for the management and operation of the Idd El-Shargi North Dome field. The field was discovered in 1960 and lies 85 kilometers off the eastern coast of Doha. (QNA)