Oxy, QP Position For Tough Qatar Upstream Talks
Occidental Petroleum says it will invest more than $3bn in Qatar’s offshore Idd al-Shargi fields. These plans are partly a bargaining chip in upcoming renewal talks; Oxy hopes to secure a renewal before having to invest big.
The US independent’s planned $3bn-plus investment has the aim of increasing the plateau length of the 100,000 b/d Idd al-Shargi mature offshore fields.