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QatarEnergy awards US$6bn in contracts for a major oil field expansion (Qatar)

Qatar's national oil and gas company QatarEnergy has awarded four Engineering, Procurement, Construction, and Installation (EPCI) contract packages worth US$6bn for the development of the 100 kb/d third phase of the offshore Al-Shaheen field, which is Qatar’s largest oil field. The field development project, named the Ru’ya project, aims to develop more than 550 mbl of oil and will be executed over a period of 5 years, with first oil expected in 2027. The project includes the drilling of more than 200 wells and the installation of a new centralized process complex, nine remote wellhead platforms, and associated pipelines. 

The EPCI packages comprise a US$2.1bn contract with a consortium of McDermott Middle East and Qingdao McDermott Wuchuan Offshore Engineering (wellhead platforms); a US$1.9bn contract with a consortium of McDermott Middle East and Hyundai Heavy Industries (central processing platform); a US$1.3bn contract with Larsen & Toubro (riser platform); and a US$900m contract with China Offshore Oil Engineering (subsea pipelines). 

The Al-Shaheen field is located 80 km offshore Qatar. It started commercial production in 1994 and underwent significant development to reach an oil production rate of 300 kb/d in 2007. Qatar produced 72 Mt of oil in 2022 and has proved oil reserves amounting to 3.4 Gt.