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News   Breaking News   Qatar to spend $11b trying to keep offshore oil...

Qatar to spend $11b trying to keep offshore oil field productive

Canadian Press, The Canadian Press
0 Comments| May 9, 2014
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DOHA, Qatar - Qatar's state oil company says it plans to spend $11 billion to redevelop one of its offshore oil fields in an effort to extend its lifespan.

Qatar Petroleum announced the plans for the Bul Hanine oil field Friday.

The field is located about 120 kilometres (75 miles) to the east of the OPEC nation's coastline.

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