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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.

Vantage wins Qatari offshore drilling works
NEWS
Qatar - August 13, 2021

Vantage Drilling has signed contracts for two of its jackup rigs to begin works in offshore Qatar, the Houston-based company…

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EPCI contract signed for Qatar’s Al Shaheen expansion
NEWS
Qatar - August 02, 2021

PetroVietnam Technical Services Corporation has signed an EPCI contract for works on Qatar’s largest oilfield, the company…

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Qatar books

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Daewoo bags $630-million Qatar engineering contract
NEWS
Qatar - July 16, 2021

Daewoo Shipbuilding & Marine Engineering (DSME) has won a contract worth USD 630 million to supply a fixed platform to Qatar’s…

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Dietmar SIERSDORFER Middle East and UAE Managing Director SIEMENS ENERGY
Interview
Abu Dhabi - April 09, 2021

Dietmar Siersdorfer, Siemens Energy’s Middle East and UAE managing director, talks to The Energy Year about the company’s…

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Qatar Blocks and Fields Map

Qatar maps

Qatar Blocks and Fields

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Saipem secures $350-million deal from Qatargas
NEWS
Qatar - April 13, 2021

Saipem has secured an extra USD 350 million in contract options extending its USD 1.7-billion deal to provide EPCI for Qatar’s…

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Qatar’s QP joins Shell in Namibia deepwater
NEWS
Namibia - April 06, 2021

Shell Namibia Upstream has brought Qatar Petroleum on board in two deepwater exploration blocks off Namibia, QP announced on…

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

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.…

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Nabil AL ALAWI.
Interview
Abu Dhabi - January 11, 2021

Nabil Al Alawi, CEO of AlMansoori Specialized Engineering, talks to The Energy Year about the importance of creating an environment for innovative solutions such as the…

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