Qatar Changes PSAs to JVs, Invests In Al-Shaheen
By Nick Wilson
Qatar, determined to reverse its crude production decline, is considering a multi-billion-dollar investment in its swing producer oil field, 300,000 b/d, al-Shaheen, operated by Danish independent Maersk. State-owned Qatar Petroleum (QP) is also in talks to convert Maersk’s production sharing agreement (PSA) when it expires into a joint venture (JV). It has already done this with...