Nippon Oil and Gas to rope in partner for Qatar project

Japan’s JX Nippon Oil & Gas Exploration
is likely to rope in a partner for its exploration and development
programs in block A in the deep pre-Khuff reservoirs offshore Qatar,
media reports said.

The company inked a deal earlier this year for a 30-year exploration
and production sharing agreement with the Qatari government for the
offshore gas block.

Commercial production at deepwater gas block in Qatar is expected to start in 2020.

Under the terms of agreement, JX Nippon Oil & Gas Exploration
will have to sell gas to companies at the direction of the Qatari
government. It is also up to the government to decide whether gas output
will be piped to countries in the Middle East or liquefied for export.

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Article by Links Group on Jan 22nd 2012

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