Qatar
Petroleum Signs Agreement with QPD for Full Development of Al Karkara
Oil Field
Posted: 23 September 2003
Qatar Petroleum and Qatar Petroleum Development-Co. (PCCI) signed
an agreement for the full field development of Al-Karkara and A-North
structure oil field.
H.E. Abdullah Bin Hamad Al-Attiyah, Second Deputy Premier, Minister
of Energy and Industry, in his capacity as Chairman and Managing
Director of Qatar Petroleum, and Mr. Keiichiro Okabe, President
of QPD, Chairman and Chief Executive Officer of Cosmo Oil Co. signed
the Agreement. Senior officials from Qatar and QPD attended the
signing ceremony, held at Qatar Petroleum headquarters in Doha.
The original Development and Production Sharing Agreement (DPSA)
was signed between Qatar Petroleum and QPD in July 1997. QPD is
the operator of the consortium representing the contractor group
according to the DPSA comprising Cosmo Oil Company Ltd., Nissho
Iwai Corporation, United Petroleum Development Company Ltd. (Japan).
“This full development agreement is part of the strategic
plan of Qatar Petroleum to continue the development and utilization
of Qatar’s existing oil industry along with the ongoing development
of the gas industry.” H.E. the Second Deputy Premier said.
“The project was unique in Qatar as it is the first venture
to attempt non-flaring of gas by re-injecting back into the formation,
a decision that was reached in consultation with QP's adoption of
Gas Disposal as part of its Environmentally Friendly policy. The
project will promote and enhance the bi-lateral relations between
Qatar and Japan as the first full field development that has been
carried out by a Japanese company.” Mr. Okabe said.
The initial development phase proved commercial viability of the
project and resulted in preparation and approval of the full field
development after extensive technical interaction with Qatar Petroleum.
The development consists of three stages. There will be a total
of seven wells (four in Al Karkara and three in A-North). Four new
wells will be drilled, two existing wells will be worked over and
one existing well will be sidetracked.
The total development cost for the project is expected to be around
$126.5 million.
Production is expected to commence in January 2005 targeting peak
production rate of around 10,000 b/d around the first quarter of
2006. The produced fluids will be processed in the field’s
facilities and the oil will be transported to Halul Island via Production
Station-3 (PS-3) Main Oil Line.
The development project will be environmental friendly. The produced
fluids will be disposed of, following guidelines of the Supreme
Council for Environment and Natural Resources and laws of the State
of Qatar, resulting in zero flaring of gas and disposal of produced
water underground.
For more information see http://www.qp.com.qa/.
Posted by Richard Price,
Editor Pipeline Magazine
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