Qatar Petroleum assumes operatorship of Idd El-Shargi North and South Dome offshore oil fields

Qatar Petroleum on Monday assumed the management and operatorship of the Idd El-Shargi North Dome (ISND) and Idd El-Shargi South Dome (ISSD) offshore oil fields, following the expiry of the development andproduction sharing agreementswith Occidental Petroleum of Qatar Ltd. for both ISND and ISSD on 6 October 2019. Qatar Petroleum had previously announced that it would be taking over the operatorship of the ISND field once the related development and production sharing agreementexpired and that it was offering employment to all Occidental Petroleum of Qatar Ltd.(OXY) employees. Subsequent to such announcement, Qatar Petroleum and OXY reached an agreement under which OXY would also hand over the ISSD field to Qatar Petroleum along with the ISND field.His Excellency Mr. SaadSherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of Qatar Petroleum, welcomed allof the newemployees from OXY to Qatar Petroleum and expressed confidence in Qatar Petroleum’s human capital as being the main driving power behind its continuous successes, including taking over both ISND and ISSD fields.His Excellency Mr. Al-Kaabialso thankedOXY for its efforts and contributions in managing and operating both the ISND and ISSD oil fields for the past 20+ years.The integration of ISND and ISSD illustrates the development of Qatar Petroleum’s distinctive technical capabilities in operating and managing oil and gas fields.