Total SA and the government of Qatar have signed an agreement to extend the production-sharing agreement covering offshore Al Khalij oil field for 25 years.
Total discovered the field in 1991 and began production from it in 1997. The original PSA, signed in 1989, was to expire early in 2014.
Under the new agreement, Qatar Petroleum and Total will have a 60-40 operating interest in the field, with Total remaining the operator.
