North Oil Company (NOC) is a crude oil and

natural gas Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbo ...

company based in

Qatar Qatar (, ; ar, قطر, Qaṭar ; local vernacular pronunciation: ), officially the State of Qatar,) is a country in Western Asia. It occupies the Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it ...

History

The creation of the North Oil Company has been announced in June 2016 by

QatarEnergy QatarEnergy ( ar, قطر للطاقة), formerly Qatar Petroleum (QP), is a state owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The ...

as a joint venture with

TotalEnergies TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and ...

(30%) to develop and operate the

Al Shaheen oil field The Al Shaheen Oil Field is a production oil and gas field off the north east coast of Qatar in the Persian Gulf, north of Doha. The oil field lies above the North Gas Field, one of the largest gas fields in the world. The field has been opera ...

for 25 years. Operations along with production, sale and export of crude oil started on July 14, 2017. TotalEnergies announced to invest around $2 billion into the oilfield between 2017 – 2022 and

announced that total investments into the field would be around $3.5 billion. From 1992 – 2017, the Al Shaheen Oil Field had been developed and operated by

Maersk Oil Maersk Oil ( da, Mærsk Olie og Gas A/S) was a Danish oil and gas company owned by the A. P. Moller-Maersk Group. with a maximum operated production of 550,000 barrels of oil equivalent per day. Production came from Denmark, the UK, Qatar, Kazak ...

. In July 2017, the first crude tanker from Al Shaheen was loaded. In November 2018, it was announced that PetroVietnam was contracted by NOC in order to further develop the second phase of the field, including the erection of three new

wellhead A wellhead is the component at the surface of an oil or gas well that provides the structural and pressure-containing interface for the drilling and production equipment. The primary purpose of a wellhead is to provide the suspension point and ...

platforms and three bridges until 2020.

Corporate structure

NOC is led by chief executive officer Frederic Paux. Khalid al Rumaihi is chairman of the board of directors. Other members of the board are Abdulaziz Al-Mannai, Jassim Al-Marzouqi, Mohammed Al Ghanem, Rashid Al Fehaidi, Hamad Al-Baker, Lionel Levha, Pierre Ranger and Laurent Wolffsheim.

Operations

North Oil operates the Al Shaheen Oil Field. The field is situated in Qatari waters, around 180 kilometers north from

Doha Doha ( ar, الدوحة, ad-Dawḥa or ''ad-Dōḥa'') is the capital city and main financial hub of Qatar. Located on the Persian Gulf coast in the east of the country, north of Al Wakrah and south of Al Khor, it is home to most of the count ...

, 80 kilometers north of Ras Laffan and the north-east coast of Qatar. Al Shaheen is the largest offshore field in Qatar and is part of the

South Pars/North Dome Gas-Condensate field The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field, IEA, World Energy Outlook 2008 - Chapter 12 - Natural gas resources and production prospects, p.298 ...

, stretching across 9,700 square kilometres in

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...

ian and Qatari waters. The field is considered one of the largest and most complex oilfields in the world. Current production of the field was in 2017, produced by 33 platforms and close to 400 wells. The field covers more than 40% of Qatars total oil production. The companies current goal is to maintain current production and output levels from the field, which is considered difficult in complex fields like Al Shaheen, given the natural decrease of pressure and resources. In order to achieve their current goal, the company plans to drill more than 100 new wells until 2022. The Al Shaheen oil field, situated off the north-east coast of Qatar, is one of the largest and most complex of its kind in the world. Its 100 million barrels per annum comprise 45% of Qatar's Oil production.

References

External links

{{Portal, Energy
"Qatar Petroleum Establishes “NORTH OIL COMPANY” for the Future Development and Operation of Al-Shaheen Oil Field and Selects Total as its Partner"

Company web Site
Oil and gas companies of Qatar Energy companies established in 2017 Qatari companies established in 2017