Qatar Oil Rises production capacity to 1 million barrels per day
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Qatar’s oil-production capacity increased 4.2 percent to an estimated 1 million barrels a day in 2009, the U.S. Energy Department said in a report on the Persian Gulf nation.
“Though Qatar’s petroleum production has grown steadily since 2002,
Qatar’s fields are maturing,” the Energy Department’s Energy
Information Administration said in the report. “To offset anticipated
declines, enhanced oil recovery techniques are being considered for
several fields.”Through a production sharing agreement with Maersk Oil, Qatar aims to
increase the capacity of its Al Shaheen offshore oil field to more than
500,000 barrels a day from 340,000 currently, the Energy Department
said.Qatar has the capacity to pump 335,000 barrels a day from its Dukhan
field and 100,000 barrels a day from its Bul Hanine and Maydan Marjam
fields, according to the report. It holds 15.2 billion barrels of
proven reserves, according to the report.The country, the second-smallest crude producer in the Organization of
Petroleum Exporting Countries behind Ecuador, pumped 760,000 barrels of
oil a day in November, according to data compiled by Bloomberg.Source: Bloomberg
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