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MAERSK OIL Qatar

Qatar

Address: Maersk Oil Qatar AS Al Jazi Tower, 950 Asia Street, P.O. Box 22050 Doha Qatar

Tel: +974 4401 3301

Web: http://www.maerskoil.com/

Company description

Maersk Oil entered into an Exploration and Production Sharing Agreement (EPSA) with Qatar Petroleum (QP) for Block 5 including the Al Shaheen discovery offshore Qatar in 1992. Al Shaheen had been deemed uneconomic by others as its reservoirs were extremely thin and stretched across vast distances. Despite that, Maersk Oil produced first oil two years later and now produces over a third of the OPEC member's total oil output. The total operated production is 300,000 barrels of oil per day and the total acreage is 2,224 km2.

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