The Fateh Oil Field () is an area of offshore oil production approximately from

Dubai Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...

and within

emirate of Dubai The Emirate of Dubai is one of the seven emirates of the United Arab Emirates. It is the most populous emirate of the UAE. The capital of the emirate is the eponymous city, Dubai. Governance Dubai is governed as an absolute monarchy by the A ...

territorial waters in the

Persian Gulf The Persian Gulf, sometimes called the Arabian Gulf, is a Mediterranean seas, mediterranean sea in West Asia. The body of water is an extension of the Arabian Sea and the larger Indian Ocean located between Iran and the Arabian Peninsula.Un ...

. The oil field is managed by Dubai Petroleum.

History

The oil field was discovered in 1966. In 1968,

Continental Oil Company Conoco ( ), formerly known as Continental Oil, is an American petroleum brand that is operating under the current ownership of the Phillips 66 Company since 2012 and is headquartered in the Westchase neighborhood of Houston, ( Harris County), ...

announced plans to construct a 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. In 2014, significant volumes of gas were discovered in deep gas exploration well at the Fateh oil field.

References

{{coord missing, United Arab Emirates

External links

Fateh Field
Oil fields of the United Arab Emirates 1969 establishments in the Trucial States