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Top 10 GCC Cities ●●● and Real Estate Leaders Achievements 2011
    • Yearl Membership

    • Business and finance group launches Top 10 GCC Cities project about real estate leadership and achievements. The launch of this media and economic project comes to cover
    • Economic Accomplishments

    • This event is regarded as the first joint economic Gulf grouping between the performances of the secretariats and municipals of the Top 10 GCC Cities.t
    • Letters of the Strategic Support

    • Letter of Ministry of Municipal and Rural Affairs Letter of Jeddah Municipality Letter of Jeddah Municipality 2 Letter of Holy Capital Letter of Eastern Province Municipality
    • Program Features and Activities

    • This program is the first and largest specialized event which highlights the main accomplishments and those being implemented in the top (10) ten GCC Cities
    • Unlimited Investments

    • The Board of Directors of the Business and Finance Group expresses to you its regards and wish you further progress and prosperity, and we are pleased
    • Registeration Application

    • The Business & Finance Group is pleased to invite you to participate in the Forum & Ceremony of Real Estate Leaderships and Accomplishments of GCC Cities under the sponsorship of Jeddah
    • Electronic Information Center

    • Info ME Information Center electronic specialist section in queries with regard to electronic companies, sectors and information about companies, you can ask a question and be
    • Program of Advertising Participant

    • The Group has allocated an extensive media coverage for all the audio, visual and text media in order to deliver the information needed locally, regionally and internationally
    • Sponsorship Category

    • includes the publishing of (10) issues, where an issue is published each month for each a city participating in this event, as per the rank of each Gulf city in this letter, and the issues are published monthly by the Business & Finance Club Magazine, which is one of the Group’s media activities
   
 

Maersk completes $6 bil Qatar Al-Shaheen oilfield expansion

Business & Finance Club - Qatar : Denmark's Maersk Oil has completed the $6 billion al-Shaheen oil field expansion project in Qatar on time and within budget with the field producing around 300,000 b/d, one third of the OPEC oil producing state's total crude oil production, Qatari oil minister Abdullah al-Attiyah said Sunday.

Maersk has been working on a major expansion of the offshore al-Shaheen field aimed at boosting its production from an average of 331,000 b/d in 2008 to around 525,000 b/d on completion.

Attiyah said at the inauguration ceremony that al-Shaheen was now the
biggest oil producing field in Qatar, accounting for a third of Qatar's total
crude oil production. Previously the 335,000 b/d Dukhan field was the
emirate's largest producing field. 

Qatar Petroleum had been targeting higher production from al-Shaheen by end 2009 but has been constrained by OPEC production cuts totalling 4.2 million b/d which came into effect in January 2009.

Maersk said in May that al-Shaheen production was constrained by OPEC output cuts and production from al-Shaheen was slightly lower than the 2009 level.

The expansion consisted of building 15 new platforms and 136 oil
production and water injection wells.

Al Shaheen field has been appraised and developed by Maersk Oil Qatar since 1992 under a production-sharing agreement with state-owned Qatar Petroleum.

A joint statement announcing completion of the expansion work said the
field, which initially was believed to have maximum capacity of 50,000 b/d, has produced 1 billion barrels of crude oil to date.

"The development of the al-Shaheen field at a cost of around $6 billion
has been completed on schedule and within budget..." Maersk Oil Chief
Executive Jakob Thomasen was quoted in the statement as saying.

Maersk said May 12 that future production from the field was being
discussed with Qatar Petroleum in view of current production results.

Qatar has said that completion of the al-Shaheen expansion will raise its
crude oil production capacity to more than 1 million b/d from just over
900,000 b/d.

Qatar produced 820,000 b/d of crude oil in June, the latest Platts survey
of OPEC's production showed, above its 730,000 b/d OPEC target. 

 

 
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