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Qatar Overview

Qatar

in figures

Oil Reserves25.2 billion barrels

Oil Production1.92 million bopd

Gas Reserves24.9 tcm

Gas Production175.7 bcm

Qatar: Advantages in Adversity

Qatar has 24.5 tcm (865 tcf) of gas reserves, most of it located in the offshore North Field. The North Field is the world’s largest non-associated gasfield. According to the Qatar National Bank, the available reserves allow Qatar to maintain its current production for another 138 years. Natural gas production in Qatar stood at 175.7 bcm (6.2 tcf) in 2017. Qatar Petroleum manages all of the country’s hydrocarbons activities.

Qatar holds oil reserves of 25.7 billion barrels. Almost all of its oilfields are offshore, the only exception being the Dukhan field. The country produced 1.92 million boepd of oil and liquids in 2017, and its R/P ratio is 36.1 years. Most of Qatar’s condensates and NGLs are produced from the North Field. In 2016, QP announced it had awarded a 30% stake in a new 25-year contract to Total to operate Qatar’s 300,000-bopd Al Shaheen oilfield. QP will retain 70% in the new joint venture.  Total plans to invest more than USD 2 billion between 2017 and 2022 to develop the field. The super-major took over operatorship from Maersk Oil in July 2017, with a new company, North Oil Company, created to represent the joint venture.

The country has made a considerable investment in natural gas liquefaction capacity, bringing 14 trains on line between 1999 and 2011. The trains, operated by Qatargas, have a combined nameplate production capacity of 78 million tonnes of LNG per year. They exported 78.4 million tonnes in 2015.

More than 90% of Qatar’s LNG production is committed through supply purchase agreements  between 2014 and 2021. Its LNG exports have traditionally been shipped under long-term oil-indexed contracts, but the emirate is delivering more and more of its gas under short-term contracts and on spot markets as many traditional customers are aiming at diversifying import sources in light of the growth of the global LNG market. In March 2018, QP awarded Chiyoda a FEED contract for three LNG trains, each with a capacity of 7.8 million tonnes per year, to service an expansion of the North Field development. First LNG is expected in 2023.

Samsung C&T wins $2-billion Qatar contract
NEWS
Qatar - March 01, 2021

Qatargas has awarded Samsung C&T a contract worth more than USD 2 billion for EPC works on North Field Expansion (NFE) LNG…

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Saipem wins $1.7-billion Qatar contract
NEWS
Qatar - February 22, 2021

Saipem has secured a contract worth USD 1.7 billion to provide EPCI for Qatar’s giant North Field Expansion project, the Italian…

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Qatar hands $13-bln LNG deal to Chiyoda-Technip JV
NEWS
Qatar - February 08, 2021

Qatar Petroleum (QP) has awarded a USD 13-billion contract for four LNG trains for the giant North Field Expansion project to a…

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Gulf allies to end Qatar blockade
NEWS
Qatar - January 05, 2021

Saudi Arabia and its Gulf allies have signed a landmark agreement aimed at ending the blockade on Qatar that began in…

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Qatar Blocks and Fields Map

Qatar maps

Qatar Blocks and Fields

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Qatar to base budget on $40 oil price
NEWS
Qatar - November 04, 2020

Qatar will base its next budget on an oil price of USD 40, Emir Sheikh Tamim bin Hamad Al Thani told the country’s legislative…

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Amit SINGH, Managing Director of Qatar SCHLUMBERGER
Interview
Qatar - September 30, 2020

Amit Singh, managing director for Qatar at Schlumberger, talks to The Energy Year about the impact of the Covid-19 pandemic on…

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Schlumberger, Milaha sign Qatar MoU
NEWS
Qatar - September 28, 2020

Schlumberger has signed an MoU on co-operation with Qatari maritime and logistics firm Milaha in a move of support for the country’s localisation drive.

The…

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Abdul Hakeem MOSTAFAWI
Interview
Qatar - September 22, 2020

Abdul Hakeem Mostafawi, CEO of HSBC Qatar, talks to The Energy Year about how the recent crisis has hastened the development of local supply chains and spurred new…

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Yury SENTYURIN GECF
Interview
Qatar - August 19, 2020

H.E. Yury Sentyurin, secretary-general of the Gas Exporting Countries Forum (GECF), talks to The Energy Year about why gas will retain a central role in the world’s…

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Gregory Maudit SPIE
Interview
Qatar - July 29, 2020

Gregory Mauduit, Qatar country manager of SPIE Oil & Gas Services, talks to The Energy Year about how the company has responded to the dual requirement to sustain its…

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