JX Nippon joins Qatar offshore gas hunt

Qatar Petroleum reportedly has signed a new exploration and production sharing agreement with JX Nippon Oil & Gas covering gas exploration in offshore block A (pre-Khuff).

Offshore staff

DOHA, Qatar – Qatar Petroleum reportedly has signed a new exploration and production sharing agreement with JX Nippon Oil & Gas covering gas exploration in offshore block A (pre-Khuff).

The block covers 6,173 sq km (2,383 sq mi) offshore northeast of Ras Laffan Industrial City. The work scope covers 30 years and begins with a five-year exploration timeframe which is to include 2D and 3D seismic data acquisition, processing, interpretation, and drilling. JX Nippon spending is expected to reach $100 million, initially.

This agreement follows the signing of block BC EPSA to CNOOC of China and the block D EPSA to Shell and Petrochina.

05/10/2011

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