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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 date the first barrel of oil was shipped from the field to world markets on September 22, 1969.<ref name="Dubaipet"/> | 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 date the first barrel of oil was shipped from the field to world markets on September 22, 1969.<ref name="Dubaipet"/> | ||
| ==References== | ==References== | ||
Revision as of 04:37, 4 August 2016
| Fateh Oil Field | |
|---|---|
| Country | Dubai |
| Region | Arabian 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 country's share of the Arabian Gulf. It was discovered in 1966, and was named Fateh (meaning "good fortune") 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 Khazzans, was completed in 1969, the date the first barrel of oil was shipped from the field to world markets on September 22, 1969.
References
- ^ Dubai Petroleum Establishment. "Leading Dubai's Petroleum Industry", dubaipetroleum.ae. Retrieved March 16, 2011.
- "Development Is Set For Fateh Oil Field", The New York Times. June 12, 1968. Page 67. Retrieved March 16, 2011.
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