Al Rayyan Oilfield in Qatar Reaches 32,000 B/D Level

abarrelfullabarrelfull wrote on 07 May 2012 07:16
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16 December 1996

Production at the Al Rayyan oilfield in Qatar has reached 32,000 barrels per day, it was announced today by field operator ARCO (NYSE: ARC) and the Qatar General Petroleum Corporation.

Startup of the field, offshore the Arabian Gulf, occurred on 12 November. All four wells are now in operation, with production anticipated to reach 35,000 b/d. The first tanker lifting of crude oil was made on 29 November.

After approximately nine months of production using temporary facilities, a determination will be made whether additional development is warranted. In the meantime, a seismic program is proceeding across Al Rayyan to further delineate the field.

ARCO has a 27.5% stake in a consortium with Gulfstream Resources Canada Ltd. (27.5%), British Gas, plc. (25%), and the German firms Wintershall (15%) and Preussag Energie (5%).


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