29 C
Thursday, October 21, 2021
Tags Oil

Tag: oil

Maersk loses Qatar oil field rights, but says no layoffs expected

Al Shaheen is located about 80km off of Qatar’s northeast coast and accounts for approximately 40 percent of the Gulf country’s daily oil output, or roughly 300,000 barrels per day.

Report: BP, Shell among those bidding to operate Qatar oil field

Maersk also put in a bid. It has been operating the Al Shaheen field since 1992, but its agreement with Qatar Petroleum (QP) expires next year.

Maersk concedes it may lose Qatar oil field rights next year

“We are in a tender process. That means that there’s a risk that we will lose Qatar,” Maersk CEO Nils Smedegaard Andersen said.
- Advertisment -

Most Read