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

AI Summary

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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