VOL. XLIV

No 43

22-October-2001

QATAR

Hyundai Wins $250Mn Construction Contract For Al-ShaheenOilfield Expansion Project

Maersk Oil Qatar has awarded a$250mn construction contract to South Koreas Hyundai Heavy Engineering Industriesas part of the $1.2bn development plan to increase production from theal-Shaheen oilfield in offshore Block 5 from the current 112,000 b/d to 200,000b/d by 2004. The development plan involves the drilling of some 40 newproduction wells and 20 new water injection...