To sign a new contract for exploration, oil and Shell in Qatar

PetroChina announced yesterday that the Qatari oil company had signed a new exploration and production-sharing agreement on Qatar Block D with Royal Dutch Shell and PetroChina on behalf of the Qatari government.　　Under the agreement, the three parties will jointly explore the D block of natural gas. It is reported that the D block is located in the 8089 square kilometers of Qatar Sea and land, close to the city of La La. The exploration and exploitation target of the concession in D block is the geologic stratum of the pre-khuff (former Khufu stratum), and the overlying Khuff (Khufu group) contains the Super large northern gas field. A portion of the concession D block extends to the bottom of the northern gas field. The agreement is valid for 30 and the first phase of exploration is five years. During the exploration period, Shell and PetroChina will conduct exploration technology research, two-and three-dimensional seismic data acquisition, processing, reprocessing and interpretation, as well as drilling exploration wells and other operations.　　Shell, the operator, will hold a 75% per cent stake, with PetroChina holding a 25% per cent stake. The reporter learned from PetroChina that Shell and PetroChina would be able to exploit gas under the supervision of Qatar Oil if the exploration evaluation was successful.　　Under the agreement, Qatar Oil will buy all the gas that may be produced in Block D. This is another masterpiece of Chinese oil and multinational oil giants working together to open up the upstream field overseas.　　Earlier, PetroChina chairman Jiemin in an interview with the Shanghai Securities newspaper, said the company's internationalization strategy is the policy of scale, effectiveness and sustainability, depending on the company's strategy and interests as well as the project itself to determine whether to cooperate with multinational oil companies. "We will not give up any opportunities for cooperation on oil, gas and new energy globally." "Jiemin said.