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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.

Kunal BHATIA Allied Industrial Qatar Lubricant
Interview
Qatar - July 02, 2020

Kunal Bhatia, managing director of Allied Oilfield and Industrial Supplies, talks to The Energy Year about how the company has…

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Daniel Nordberg, general manager of GAC Qatar
Interview
Qatar - June 19, 2020

Daniel Nordberg, general manager of GAC Qatar, talks to The Energy Year about the company’s approach to navigating the…

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Qatar books

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Interview
Qatar - June 18, 2020

Max-André Delannoy, CEO of Qatar International Cables Company (QICC) and general manager for GCC countries at Nexans, talks to…

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Samir Chopra Cape East Qatar
Interview
Qatar - June 17, 2020

Samir Chopra, managing director of Cape East, talks to The Energy Year about positive signs for continuing activity in Qatar’s…

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Qatar Blocks and Fields Map

Qatar maps

Qatar Blocks and Fields

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Abdulrahman Abdulla AL MUSTAFAWI AL HASHEMI, Managing Director of AL-TAWFEEQ TRADING & CONTRACTING
Interview
Qatar - June 16, 2020

Abdulrahman Al Mustafawi Al Hashemi, managing director of Al-Tawfeeq Trading & Contracting, talks to The Energy Year about why…

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Qatar Petroleum signs $19.2-bln LNG vessel deals
NEWS
Qatar - June 01, 2020

Qatar’s QP has signed deals worth more than USD 19.2 billion for the construction of around 100 LNG vessels in South Korea for…

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Interview
Qatar - May 28, 2020

Ullattil Achu, CEO of Dyarco International Group, talks to The Energy Year about how the current dual crisis is different from other crises that Qatar has faced and…

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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 international markets, plans for Qatar to…

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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 mega-projects, investment in the country’s…

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