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Industry News » QatarEnergy awards contract for offshore field to Japanese player
QatarEnergy has signed an agreement with Japan’s Qatar Petroleum Development Company (QPD) for extending the development and production of Al-Karkara and A-Structures offshore oilfields.

The Qatari giant on Thursday confirmed the deal, noting the “new five-year agreement, which commences on 23 December 2022, succeeds the development and production sharing agreement signed in December 1997” with the same company.
“Under the new agreement, QPD, which is owned by Cosmo E&P and Sojitz, will continue to act as the operator of the oil fields,” QatarEnergy noted.
The Al-Karkara and A-Structures are offshore assets located about 90 kilometres to the east of Doha and consist of three small fields — Al-Karkara, discovered in 1988, and the A-Structures, which were discovered in 1971.
The fields were initially considered non-commercial until QPD managed to prove their commercial viability in the late 1990s, QatarEnergy added.


    

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