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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 emirate's territory in the ]. It was discovered in 1966, and was named ''Fateh'' (meaning "Conqueror") by Dubai monarch ].{{citation needed|date=February 2024}} 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 "''Khazzan''", was completed in 1969, the date the first barrel of oil was shipped from the field to world markets on September 22, 1969.{{ |
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 emirate's territory in the ]. It was discovered in 1966, and was named ''Fateh'' (meaning "Conqueror") by Dubai monarch ].{{citation needed|date=February 2024}} 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 "''Khazzan''", was completed in 1969, the date the first barrel of oil was shipped from the field to world markets on September 22, 1969.<ref>{{Cite web |date=2010-02-04 |title=Oil in Dubai: History & timeline |url=https://gulfnews.com/business/energy/oil-in-dubai-history--timeline-1.578333 |access-date=2024-09-09 |website=gulfnews.com |language=en}}</ref> | ||
| ==References== | ==References== | ||
Revision as of 14:14, 9 September 2024
Oil production area in the United Arab Emirates| Fateh Oil Field | |
|---|---|
| Country | Dubai, United Arab Emirates |
| Region | Persian Gulf |
| Offshore/onshore | offshore |
| Field history | |
| Discovery | 1966 |
| Start of production | 1969 |
The Fateh Oil Field, also called the Fath Oil Field, is an area of offshore oil production approximately 60 miles (97 km) from Dubai and within that emirate's territory in the Persian Gulf. It was discovered in 1966, and was named Fateh (meaning "Conqueror") by Dubai monarch Rashid bin Saeed Al Maktoum. In 1968, Continental Oil Company announced plans to construct a 500,000 barrels (79,000 m) 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. The first of these underwater holding tanks, called "Khazzan", was completed in 1969, the date the first barrel of oil was shipped from the field to world markets on September 22, 1969.
References
- "Development Is Set For Fateh Oil Field", The New York Times. June 12, 1968. Page 67. Retrieved March 16, 2011.
- "Oil in Dubai: History & timeline". gulfnews.com. 2010-02-04. Retrieved 2024-09-09.
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