Al Shaheen - Qatar
Al Shaheen - Qatar Price
|Date||Price US$ per bbl||Price US $ per MT||Long Tons||US Gallons,$|
Al Shaheen - Qatar Historical price
- In 2017 maximum price $63 per bbl (2017-12-26)
- In 2018 maximum price $50 per bbl (2018-12-26)
- In 2019 maximum price $69 per bbl (2019-12-26)
- In 2020 maximum price $52 per bbl (2020-12-25)
- In 2021 maximum price $75 per bbl (2021-12-24)
- In 2022 maximum price $81 per bbl (2022-12-26)
- In 2023 maximum price $83 per bbl (2023-02-17)
Al Shaheen - Qatar Crude Oil
The Al Shaheen field, located off the coast of Qatar, is one of the largest oil fields in the world. With an estimated capacity of 300,000 barrels of oil per day, the field plays a significant role in the global energy market and in Qatar's economy.
History of Al Shaheen
Al Shaheen was discovered in 1991 and began producing oil in 1994. Over the years, several international oil companies have played a role in developing and operating the field, including Maersk Oil, which was the operator from 1992 to 2017. In 2017, the operation of Al Shaheen was transferred to North Oil Company (NOC), a subsidiary of Qatar Petroleum.
Production and Development
The Al Shaheen field is comprised of 33 production wells and is one of the most technologically advanced oil fields in the world. Advanced techniques such as horizontal drilling and enhanced oil recovery are used to maximize production and optimize recovery. In addition, NOC has made significant investments in new technologies and equipment to further improve production and efficiency at the field.
Importance to Qatar's Economy
Al Shaheen plays a crucial role in Qatar's economy, providing a significant portion of the country's oil production and contributing to its overall wealth. The field is also an important source of employment, with a large number of workers needed to maintain and operate the wells, pipelines, and production facilities. In addition, the revenue generated from Al Shaheen's oil production is used to fund government initiatives and infrastructure projects, further contributing to Qatar's development and growth.
The Al Shaheen oil field is a major player in the global energy market and an important contributor to Qatar's economy. With advanced technology and a commitment to continuous improvement, the field is well positioned to maintain its significance for years to come. Whether you're an industry professional or simply interested in the world of energy, the Al Shaheen oil field is definitely worth paying attention to.
Frequently Asked Questions about Al Shaheen
Who currently operates the Al Shaheen oil field? The Al Shaheen oil field is currently operated by North Oil Company (NOC), a subsidiary of Qatar Petroleum.
When was the Al Shaheen oil field discovered? The Al Shaheen oil field was discovered in 1991.
How much oil does the Al Shaheen field produce per day? The Al Shaheen field has an estimated capacity of 300,000 barrels of oil per day.
What techniques are used to maximize production at the Al Shaheen field? Advanced techniques such as horizontal drilling and enhanced oil recovery are used to maximize production and optimize recovery at the Al Shaheen field.
How does the production from the Al Shaheen field contribute to Qatar's economy? The revenue generated from Al Shaheen's oil production contributes to Qatar's overall wealth and is used to fund government initiatives and infrastructure projects, further contributing to the country's development and growth. In addition, the field provides employment for a large number of workers.