Gulf Oil and Gas accountACCOUNT

Qatar Restarts Development of World's Biggest Gas Field

Source: www.gulfoilandgas.com 4/3/2017, Location: Middle East

Share |
Qatar Petroleum announced its intention to develop a new gas project in the southern sector of the North Field and that it will commence work on the project’s details over the next few months.

The announcement was made by Qatar Petroleum's President & CEO, Mr. Saad Sherida Al-Kaabi, who said: "Qatar Petroleum’s technical studies and assessment of the North Field have confirmed the potential for developing a new gas project that can be targeted for export with a capacity of about 2 billion cubic feet per day. It is worth noting that a project of this size will increase the current production of the North Field by about 10%, which will add about 400,000 BBL/D (barrels per day) of oil equivalent to the State of Qatar’s production.”

Mr. Al-Kaabi added: "Since 2005, Qatar Petroleum has been conducting extensive studies and exerting exceptional efforts to assess the North Field, including drilling a number of appraisal wells to better estimate the Field’s production potential, which enabled us to reach this satisfactory result today."

Mr. Al-Kaabi concluded his remarks by stating: "This new project will further strengthen Qatar's leading position as a major player in the global gas industry and underline the pivotal role of the country's oil and gas industry as the mainstay of the national economy. This, in turn, will contribute to and stimulate the economy in both the public and private sectors as part of the comprehensive development of the country and the achievement of the objectives of Qatar National Vision 2030. On this occasion, I am honored to extend my thanks and gratitude to His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of the State of Qatar, for his unlimited support to Qatar’s oil and gas industry, his vision and guidance, which provide the greatest support for us to accomplish our various achievements."??

Development News in Qatar >>

Iran >>  9/15/2017 - China’s CITIC Trust signed a 10-billion-dollar deal with five Iranian banks on Thursday to fund development and production projects in Iran, the offic...
Azerbaijan >>  9/14/2017 - On September 14, SOCAR President Rovnag Abdullayev received Lars Christian Bacher, Statoil's Executive Vice President for Development and Production I...

United States >>  9/13/2017 - GulfSlope Energy, Inc. (GulfSlope) and Texas South Energy, Inc.(Texas South) (collectively, the "Farmors") have jointly executed an exclusive letter o...
Russia >>  9/10/2017 - Rosneft and Statoil, signed the shareholders and operating agreement at the Eastern Economic Forum. The document is signed with regards to SevKomNefte...

Greece >>  9/8/2017 - Energean Oil & Gas (Energean) has received approval for its Field Development Plan (FDP) for the development of the Kataloko field in Western Greece f...
United States >>  9/7/2017 - LLOG Exploration Company, L.L.C. (LLOG) announced that the Company and all of its working interest partners have taken several key steps to begin exec...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Qatar Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 |

Oil & Gas Projects in Qatar >>

More News

 

Oil & Gas Companies in Qatar >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.