QatarEnergy, the state-owned energy giant of Qatar, has recently granted four substantial contracts for the engineering, procurement, construction, and installation (EPCI) of the upcoming phase of Qatar's largest offshore oil field. These crucial contracts, integral to Project Ru’ya, have been secured by renowned companies in the industry, namely McDermott, Hyundai Heavy Industries, Larsen & Toubro Limited, and China Offshore Oil Engineering Co (COOEC).

Project Ru’ya, a pivotal initiative undertaken by QatarEnergy, is poised to significantly boost oil production from the Al-Shaheen field by an estimated 100,000 barrels per day (bpd). The journey began in July 2017 when QatarEnergy, in collaboration with TotalEnergies through their joint venture, North Oil Company, assumed operational control of the Al-Shaheen field. Since then, the field has been undergoing phased development, with the current focus on Project Ru’ya aiming to extract over 550 million barrels of oil over the next five years.

The comprehensive scope of Project Ru’ya involves the drilling of more than 200 wells, the establishment of a new centralized process complex, the construction of nine remote wellhead platforms, and the installation of associated pipelines. The fruition of these endeavors is anticipated to commence oil production in the year 2027.

The collective value of the four EPC packages, a staggering six billion dollars, is indicative of the scale and significance of these endeavors. Let's delve into the details of each EPC package. The first EPC package, valued at approximately $2.1 billion, is designated for the construction of nine wellhead platforms. This significant undertaking has been entrusted to a consortium formed by McDermott Middle East Inc. and Qingdao McDermott Wuchuan Offshore Engineering Co. These platforms are crucial components in the extraction and processing of oil from the Al-Shaheen field. The second EPC package, valued at around $1.9 billion, pertains to the construction of a Central Processing Platform. This critical component of the infrastructure will be executed by a consortium led by McDermott Middle East Inc. in collaboration with Hyundai Heavy Industries. The platform will play a pivotal role in the centralization and processing of the extracted oil. The third EPC package, with an approximate value of $1.3 billion, is allocated for the construction of a riser platform. This challenging task has been entrusted to Larsen & Toubro Limited, a company known for its expertise in engineering and construction. The riser platform is integral to the efficient and safe transfer of oil from the sea bed to the processing facilities. The fourth EPC package, valued at approximately $900 million, is dedicated to the construction of subsea pipelines and cables. This vital aspect of the project has been assigned to China Offshore Oil Engineering Co (COOEC). The construction of these pipelines and cables is essential for the seamless transportation of extracted oil from the wellhead platforms to onshore facilities.

These substantial investments and strategic partnerships underscore QatarEnergy's commitment to advancing its oil production capabilities and reinforcing its position as a major player in the global energy landscape. The successful execution of these EPC packages is poised to bring about a significant surge in oil production, contributing to the economic prosperity of Qatar and meeting the growing energy demands of the region.