Denmark's Maersk Oil is in talks with Qatar Petroleum to extend a production sharing contract for the offshore al-Shaheen oilfield by another 13 years to 2030, industry sources said on Friday.
Crude production at the field could rise to 400,000 barrels per day (bpd) in 2017 from the current 300,000 bpd, one source said, with new equipment such as a floating storage and offloading unit (FSO) possibly being installed if the contract is extended.
"We believe there is potential for additional development of the field, and we are evaluating this potential together with our partner Qatar Petroleum," Maersk Oil spokesman Paul Taylor said in an email, though he declined to comment further on the talks.
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