CEO Saad Sherida Al Kaabi QatarEnergy has said an assessment programme had concluded that the productive layers of the country’s North Field that extends towards the west could yeild an additional gas reserve of 240 tonne/cubc feet (tcf). This will result in upping Qatar’s overall gas reserves to more than 2,000 Tcf.
“These are very important results of great dimensions that will take Qatar’s gas industry to new horizons,” Al Kabbi has said. He added that the additional reserves would allow the company to move forward with the 16 million metric tons/year (mmty) North Field West (NFW) liquefaction project in Ras Laffan in the north of Qatar.
Along with the multi-billion dollar North Field East (NFE) and North Field South (NFS) projects that were sanctioned in 2021, NFW would boost Qatar’s liquefied natural gas production capacity to 142 mmty by the end of the decade.
QatarEnergy has already started construction on the North Field expansion project, bringing aboad TotalEnergies (which has been present in Qatar since 1936 and is active in all areas of the country’s oil and gas sector, from exploration and production through to refining, petrochemicals, lubricants marketing, and renewable energies), Shell (whose Qatar presence started in 20026 and at present, the scope of Shell’s partnership with QatarEnergy covers the entire value chain of the oil and gas business: liquefied natural gas – LNG; gas to liquids – GTL; shipping, exploration and petrochemicals) and ConocoPhilips (whose Qatar presence started with the QatarEnergy’s LNG N(3) joint venture) to partner in both NFE and NFS.
Amazing and insightful article