Dubai Petroleum Establishment came into existence on April of 1963, when the then Ruler of Dubai, His Highness Sheikh Rashid bin Saeed Al Maktoum had the foresight and granted Continental National Oil Company a concession covering the offshore area of the Dubai Emirate to begin exploring for oil.These efforts resulted in the discovery of oil in Fateh field in 1966 which His Highness personally chose the name for, meaning “good fortune” in Arabic. The discovery of the South West Fateh Field happened four years later, and Falah and Rashid after that. However, Dubai Petroleum Establishment faced a problem in storing the oil produced in the Fateh field because of the shallow waters in the area. This resulted in an innovative idea of building and transporting large floating tanks offshore to where the oil is produced and hence solving the storage problem.-For Job Vacancies in Oil and Gas industries follow below link. |
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Abu Dhabi: Dubai Petroleum Establishment, (DPE) has said that it has identified significant volumes of gas in its T-02 deep gas exploration well.The high pressure and high temperature T-02 well was drilled to 18,248 feet (5,562 metres) into the Pre Khuff formation and is the deepest well in Dubai to date, the company said in a statement.“The well is in the offshore Fateh field where oil and gas was first discovered at depths of around 10,000 feet in 1996. While drilling in the Pre Khuff, formation gas flowed into the T-02 well bore on a number of occasions. Current indications are that the gas is largely methane with no H2S content,” the company said.Job Vacancies in Oil and Gas industries |