Organization of Arab Petroleum Exporting Countries
Volume 40 Issue 5
10
OAPEC Member
Countries
Massive Qatari Investments in
Bul Hanin Oil Field
Qatar Petroleum (QP) has
announced plans to invest over
40 billion Qatari Riyals in the re-
development of the existing Bul
Hanine offshore oil field located
about 120 kilometers to the east of
the Qatari coastline.
The project, which is currently
at the pre-FEED stage, is one of the
largest to bemanaged and executed
by QP. It is designed to prolong
the field’s life by countering its
production decline and doubling
its current oil production rate
up to 90,000 b/d by 2020.
The project includes building
central
offshore
production
facilities and a new onshore station
to process natural gas liquids
in Mesaieed. Huge drillings for
about 150 new wells should also
be ongoing until 2028.
Commenting on the redevelopment
plans, HE Dr Mohammed bin Saleh
Al Sada, Minister of Energy and
Industry and Chairman of QP,
said: “This important project
is part of a development and
production strategy based on
maximum recovery of reserves
through the longest possible
plateau
of
sustainable
production levels. It will help
boost Qatar’s oil production
capacity and reinforce its
position as a reliable
energy provider.”
HE Dr Mohammed bin Saleh Al Sada
