QP to spend US$11 billion to revamp offshore oilfield

offshore qatar-Icethorn Wikimedia CommonsQP has been receiving technical advice from French energy explorer Total on how to get more out of the ageing Bul Hanine field, which began production in 1972. (Image source: Icethorn/Wikimedia Commons)State-owned Qatar Petroleum (QP) will invest over US$11bn to redevelop the Bul Hanine offshore oilfield to increase its output

Located off Qatar’s east coast, the oilfield currently produces around 40,000 bpd of crude oil, and QP hopes to more than double output to 90,000 bpd by 2020, industry sources told Reuters.

In a statement, QP said, “The magnitude of this investment reflects the extent of project scope that includes new offshore central production facilities and a new onshore gas liquids processing facility at Mesaieed. This will be marked by a massive drilling campaign of about 150 new wells between now and the year 2028.”

It added that the new wells would be drilled from the existing and modified well-head jacket, as well as from 14 new well-head jackets.

The expansion of a QP-owned gas processing plant at Mesaieed will help process about 25.5mn cubic metres of sour gas per day. The gas will be used to make jet and vehicle fuels, QP said.

Over the past few years, QP has been receiving technical advice from French energy explorer Total on how to get more out of the ageing Bul Hanine field, which began production in 1972. However, QP would be in charge of the implementation and management of the project, company sources added.

 

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QP plans to boost offshore oil and gas production by 2021

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