North Oil Company (Qatar)
From Wikipedia, the free encyclopedia
| Company type | Joint venture |
|---|---|
| Founded | 2017 |
| Headquarters | , |
Key people |
|
| Parent | |
| Website | www |
North Oil Company (NOC) is a crude oil and natural gas company based in Qatar.
The creation of the North Oil Company (NOC) was announced in June 2016 by QatarEnergy as a joint venture with TotalEnergies (30%), to develop and operate the Al Shaheen oil field for 25 years.[1] Operations, along with production, sale, and export of crude oil started on July 14, 2017.[2][3][4] TotalEnergies announced an investment of around $2 billion into the oil field between 2017 and 2022, and QatarEnergy announced that total investments into the field would be around $3.5 billion.[5][6][7]
From 1992 – 2017, the Al Shaheen Oil Field was developed and operated by Maersk Oil.[5][8][9]
In July 2017, the first crude tanker from Al Shaheen was loaded.[4] In November 2018, it was announced that PetroVietnam was contracted by NOC to further develop the second phase of the field up to 2020, including the erection of three new wellhead platforms and three bridges.[10]
Corporate structure
NOC is led by chief executive officer Regis AGUT. Khalid al Rumaihi is chairman of the board of directors. Other members of the board are Abdulaziz Al-Mannai, Jassim Al-Marzouqi, Mohammed Al Ghanem, Rashid Al Fehaidi, Hamad Al-Baker, Lionel Levha, Pierre Ranger and Laurent Wolffsheim.[11]
