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The '''Fateh Oil Field''', also called the '''Fath Oil Field''', is an area of offshore oil production approximately {{convert|60|mi|km}} from ] and within that country's share of the ]. It was discovered in 1966, and was named Fateh (meaning "good fortune") by Dubai monarch ].<ref name="Dubaipet">Dubai Petroleum Establishment. , dubaipetroleum.ae. Retrieved March 16, 2011.</ref> In 1968, ] announced plans to construct a {{convert|500000|bbl|m3}} underwater oil storage facility to hold petroleum extracted from the field. The underwater storage was a world first, as before that time, offshore oil production had been channeled to onshore storage and tanker loading facilities.<ref>, The New York Times. June 12, 1968. Page 67. Retrieved March 16, 2011.</ref> The first of these underwater holding tanks, called ]s, was completed in 1969, the year the first barrel of oil was shipped from the field to world markets on September 22, 1969.<ref name="Dubaipet"/> |
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The '''Fateh Oil Field''', also called the '''Fath Oil Field''', is an area of offshore oil production approximately {{convert|60|mi|km}} from ] and within that country's share of the ]. It was discovered in 1966, and was named Fateh (meaning "good fortune") by Dubai monarch ].<ref name="Dubaipet">Dubai Petroleum Establishment. , dubaipetroleum.ae. Retrieved March 16, 2011.</ref> In 1968, ] announced plans to construct a {{convert|500000|oilbbl|m3}} underwater oil storage facility to hold petroleum extracted from the field. The underwater storage was a world first, as before that time, offshore oil production had been channeled to onshore storage and tanker loading facilities.<ref>, The New York Times. June 12, 1968. Page 67. Retrieved March 16, 2011.</ref> The first of these underwater holding tanks, called ]s, was completed in 1969, the year the first barrel of oil was shipped from the field to world markets on September 22, 1969.<ref name="Dubaipet"/> |