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    Thursday, November 12, 2009     GET REAL

    Qatar on track to hit oil goal of one million bpd

    ABU DHABI — Qatar has reported advances in developing its largest oil field.   

    Officials said Qatar has completed most of its development project at the Shaheen oil field. They said the $6 billion project called for the drilling of 160 wells in an effort to bolster oil production to more than 500,000 barrels per day.

    So far, operator Maersk Oil Qatar, in cooperation with the state-owned Qatar Petroleum, has drilled more than 80 wells in Shaheen's Block 5.

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    Officials said the drilling at Shaheen, discovered in the 1970s, would be completed by 2012. Qatar wants to produce one million barrels of oil per day by 2010.

    "We are on track with the FDP [field development plan] activities and are hopeful of completing construction of major facilities at the Al Shaheen expansion project by 2009-end," Maersk Oil Qatar managing director Jakob Thomasen said.  

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