NOC North Oil Company Tower Doha Qatar

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The creation of the North Oil Company has been announced in June 2016 by QatarEnergy as a joint venture with TotalEnergies (30%) to develop and operate the Al Shaheen oil field for 25 years.[1] Operations along with production, sale and export of crude oil started on July 14, 2017.[2][3][4] TotalEnergies announced to invest around $2 billion into the oilfield between 2017 – 2022 and QatarEnergy announced that total investments into the field would be around $3.5 billion.[5][6][7] From 1992 – 2017, the Al Shaheen Oil Field had been developed and operated by Maersk Oil.[5][8][9] In July 2017, the first crude tanker from Al Shaheen was loaded.[4] 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 platforms and three bridges until 2020. Total Vertex: 11,288
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