Qatar’s North Oil Company (NOC) is close to finalising decisions on which players will be awarded prestigious engineering, procurement, construction and installation contracts for its $5 billion Ruya offshore project.
Ruya is the official name given to the latest expansion of NOC’s Al Shaheen oilfield so it can achieve an oil production plateau of 300,000 barrels per day.
While Qatar has been aggressively scaling up its liquefied natural gas production capacity, it is also investing heavily in strategic offshore projects to sustain and ramp up oil production.
