<\/p>\n
A joint venture between Euronav and International Seaways has been awarded 10-year contract extensions for the FSO Asia and the FSO Africa for operations on the Al-Shaheen oil field off Qatar.<\/strong><\/p>\n The extensions are in direct continuation of current contractual service and will last until 21 July 2032 and 21 September 2032, respectively. <\/p>\n The extensions were agreed with North Oil Company (NOC), the operator of the Al-Shaheen oil field, whose shareholders are Qatar Petroleum and Total.<\/p>\n The FSO Asia and FSO Africa, two high specifications custom-built, three million barrel capacity floating storage offshore units, have been serving the Al-Shaheen oil field continuously since 2010.<\/p>\n The previous, five-year extension<\/a> was agreed back in May 2017.<\/p>\n The contract extensions are expected to generate in excess of $645 million in contract revenues for the joint ventures from the extension dates in 2022. <\/p>\n Al-Shaheen oil field is located in Qatari waters 80 kilometres north of Ras Laffan with facilities consisting of 33 platforms and more than 300+ wells.<\/p>\n This is Qatar\u2019s largest offshore oil field and one of the largest offshore oil fields in the world.\u200b<\/p>\n Total and Qatar Petroleum took over the operatorship of the giant Al-Shaheen offshore oil field for a period of 25 years beginning in July 2017. <\/p>\n The concession is operated by the NOC, which was established as a partnership between Total (30 per cent) and Qatar Petroleum (70 per cent).<\/p>\n The post Ten-year extension for FSO duo on Al-Shaheen field off Qatar<\/a> appeared first on Offshore Energy<\/a>.<\/p>\n world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":" A joint venture between Euronav and International Seaways has been awarded 10-year contract extensions for the FSO Asia and the FSO Africa for operations on the Al-Shaheen oil field off Qatar. The extensions are in direct continuation of current contractual service and will last until 21 July 2032 and 21 September 2032, respectively. The extensions …<\/p>\n","protected":false},"author":1,"featured_media":20879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[13069,1121,3905,2545,679,424,13068],"class_list":["post-20878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-alshaheen","tag-duo","tag-extension","tag-field","tag-fso","tag-qatar","tag-tenyear"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/20878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=20878"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/20878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/20879"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=20878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=20878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=20878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}