Offshore staff

QATAR, UAE –Qatar has approved PetroChina Investment’s acquisition from GDF Suez Exploration Qatar BV 40% of the exploration and production rights in block 4. GDF remains operator with 60% interest.

Block 4 is offshore in the northern sector of Qatar, close to the North field. It extends over 2,500 sq km (965 sq mi) in area at water depths up to 75 m (246 ft). Drilling is expected to begin in the next few months.

"Qatar Petroleum is glad to support PetroChina’s participation in another exploration activity in Qatar in addition to its interest in Block-D exploration,” said H.E. Dr. Mohammed bin Saleh Al-Sada, Qatar minister of Energy and Industry, and chairman of Qatar Petroleum. “Qatar is keen to have a broader bilateral cooperation with China and we see this as another step to further strengthen the friendly relations between the two countries.”

7/30/2012