VOL. XL

No. 30

28-July-1997

QATAR

QGPC Signs Two Oil And Gas Agreements With Arco Group For Offshore Qatar

The Qatar General Petroleum Corporation (QGPC) signed on 17 July two oil and gasagreements with the Atlantic Richfield (Arco) consortium which holds the productionsharing agreement (PSA) covering the offshore block northeast of Qatar comprising theproducing al-Rayyan oilfield. Current production from al-Rayyan is running at about 32,000b/d. The consortium comprises Arco Qatar (operator,...