Middle East Economic Survey

VOL. LII

No 36

7-Sep-2009

QATAR

QP Signs Exploration Deal With CNOOC For Offshore Block BC

Qatar Petroleum (QP) has signed a 25-year exploration and production sharing agreement with the Qatar subsidiary of the China National Offshore Oil Corporation (CNOOC) for the offshore Block BC (pre-Khuff). The agreement marks the start of a five-year exploration period during which CNOOC Middle East (Qatar) will invest about $100mn to gather seismic data and drill three wells....