QatarEnergy awards $6bln EPC contracts for Al Shaheen field

QatarEnergy awards $6bln EPC contracts for Al Shaheen field

QatarEnergy has awarded engineering, procurement, construction, and installation (EPCI) contract packages worth $6 billion towards the next development phase of the offshore Al Shaheen field aimed at boosting its production capacity by about 100,000 barrels of oil per day. The award is part of Project Ru’ya, which is the third phase of Al Shaheen’s development since North Oil Company, a joint venture between QatarEnergy (70%) and TotalEnergies (30%), took over the field’s operation in July 2017. Under this, Project Ru’ya will see the development of more than 550 million barrels of oil within a five-year period with the first oil expected in 2027. The project includes the drilling of more than 200 wells and the installation of a new centralised process complex, nine remote wellhead platforms, and associated pipelines. The four EPC packages have been awarded to: *A consortium of McDermott Middle East and Qingdao McDermott Wuchuan Offshore Engineering Company for develoment of nine wellhead platforms valued at about $2.1 billion; *A consortium of McDermott Middle East and Hyundai Heavy Industries for a central processing platform worth $1.9 billion *Top Indian engineering and construction conglomerate Larsen & Toubro (L&T) for a riser platform valued at about $1.3 billion and *China