Nov 23, 2008 06:39
Qatar Petroleum has signed an oil and gas exploration and production sharing agreement with German firm Wintershall Holding for Qatar Offshore Block-4N Khuff. The terms of this 25-year agreement call for an initial 30-month exploration period during which Wintershall Holding will undertake a work program comprising technical studies, acquisition of 2-D and 3-D seismic data, processing, re-processing, interpretation and exploratory drilling to Khuff formation. All relevant operations and studies will be conducted with QP supervision. Pending the results, hydrocarbon development will be carried out.
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