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Home Upstream Exploration Development

QPD, QatarEnergy sign new agreement for Al-Karkara, A-Structures development

venkat by venkat
December 29, 2022
in Exploration Development, News, Upstream
0

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

Japan’s Qatar Petroleum Development Co. and QatarEnergy will continue development and production of Al-Karkara and A-Structures oil fields in the territorial waters of the State of Qatar under a new 5-year agreement. QPD, which is owned by Cosmo E&P and Sojitz Corp, will continue as operator.

The agreement, which begins Dec. 23, 2022, succeeds the development and production sharing agreement signed in December 1997, QatarEnergy said in a release Dec. 22.

Al-Karkara and A-Structures are offshore fields which lie about 90 km to the east of Doha and consist of three small fields: Al-Karkara, which was discovered in 1988, and the A-Structures (A-North and A-South), which were discovered in 1971. The fields were initially considered non-commercial until QPD proved commercial viability in the late 1990s. The fields started production in March 2006, and since then have produced a total of 33.5 million bbl of crude oil.

Al-Karkara and A-Structures are the first fields in the State of Qatar to achieve zero gas flaring by re-injecting the excess sour gas underground, QatarEnergy said.

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