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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.

Qatar’s QP takes 30% in 12 Morocco blocks
NEWS
Qatar - March 14, 2019

Qatar Petroleum (QP) has entered into an agreement with Eni under which it will acquire a 30% participating interest in the…

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Finbarr Sexton EY Qatar
Interview
Qatar - March 12, 2019

Finbarr Sexton, partner at EY, talks to TOGY about Qatar’s oil and gas strategy and the expansion of its involvement in…

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Qatar books

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Benoit-Verdier-of-TechnipFMC-(Qatar)
Interview
Qatar - March 07, 2019

Benoit Verdier, Qatar country manager of TechnipFMC, talks to TOGY about the company’s interest in Qatar’s upcoming…

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Amit SINGH, Managing Director of Qatar SCHLUMBERGER
Interview
Qatar -

Amit Singh, Schlumberger’s managing director for Qatar, talks to TOGY about the most needed services in the market, future…

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Qatar Blocks and Fields Map

Qatar maps

Qatar Blocks and Fields

ALL MAPS
Qatar to order 60 LNG carriers
NEWS
Qatar - January 29, 2019

Qatar plans to order 60 new LNG carriers, international media reported on Monday.

In a statement cited by Reuters, the South…

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Alaa KHALED, Regional Manager, GCC of ROSETTI MARINO
Interview
Qatar -

Alaa Khaled, regional manager for the GCC of Rosetti Marino, talks to TOGY about areas of expansion in the Qatari market and…

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Junji NAGASAKA, Managing Director of CHIYODA ALMANA ENGINEERING
Interview
Qatar - January 15, 2019

Junji Nagasaka, managing director of Chiyoda Almana Engineering, talks to TOGY about why LNG is critically important for Qatar and how the North Field Expansion has…

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Qatar to launch localisation programme
NEWS
Qatar - January 08, 2019

Qatar will launch a localisation initiative for the energy industry in February, NOC Qatar Petroleum (QP) announced on Tuesday.

The programme, known as Tawteen, will…

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Mirza LAITH, Managing Partner of AXIS ENGINEERING & MECHANICAL COMPANY
Interview
Qatar - January 8, 2019

Mirza Laith, managing director of Axis Engineering & Mechanical Company, talks to TOGY about how local content is being supported in Qatar, the lack of need for…

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