Syrian Oil and Gaz News

Shell, CNPC, QP to sign Qatar deal

Royal Dutch Shell, China National Petroleum Corp (CNPC) and Qatar Petroleum (QP) are expected to sign an exploration and production deal for Qatar Block D, a Qatari official said.

 

 

 

A statement, obtained by Reuters before a signing ceremony, said Shell would hold a 75 percent equity stake, with CNPC holding the remainder.

 

The 30-year deal, which includes a five-year exploration period, covers onshore and offshore exploration for natural gas and its production in the block, the statement said.