Gulf Oil and Gas accountACCOUNT

Qatar Petroleum and Dolphin Energy Sign Final Development Plan for Dolphin Gas Project

Source: 12/11/2003, Location: Middle East

Doha, Qatar/Abu Dhabi, UAE December 11, 2003 Qatar Petroleum and Dolphin Energy Limited announced today the signing of the Final Field Development Plan for the forthcoming Dolphin Gas Project, according to the Development and Production Sharing Agreement (DPSA) dated December 23rd 2001.

The Plan, signed at Qatar Petroleum's Headquarters in Doha, was signed by His Excellency Abdullah Bin Hamad Al Attiyah Qatar's Second Deputy Premier and Minister of Energy and Industry, and by Mr. Ahmed Ali Al Sayegh, Dolphin Energy's Chief Executive Officer.

The signing of the Development Plan represents the final investment decision for the project and sets out the details for the various development stages drilling program, offshore and onshore construction, compression station and export facilities.

Once the Development Plan is fully implemented in 2006, Dolphin Energy will produce natural gas from Qatar's offshore North Gas Field and process it onshore at Ras Laffan Industrial City to extract Condensate and NGL products. The resulting export gas will subsequently be transported by the Dolphin pipeline to the UAE.

The project will attain full capacity within two years of production commencement with export gas rate of 2 billion square feet per day (bscfd), condensate production of around 100,000 barrels per day (bpd) and natural gas liquids (NGL) products of around 8,000 tons per day (tpd).

At the signing ceremony, H.E. Al Attiyah said: "The signature of this Development Plan further strengthens Qatar Petroleum's relationship with Dolphin Energy, following the signing of the original Development & Production Sharing Agreement (DPSA) December 2001.

"This cross border initiative is beneficial to the people of both countries, and is a fine example of energy and industrial cooperation between brotherly GCC countries. The plan also cements the financial commitment of Dolphin Energy to the project," H.E. added.

For Dolphin Energy, Mr. Al Sayegh stated: "The Development Plan confirms the approval of both Qatar Petroleum and Dolphin Energy on key financial and technical parameters under which our company will produce gas in Qatar.

"We are grateful for the continuing support of the Qatari Government, and of Qatar Petroleum, in helping us drive this unique initiative to completion," Mr. Al Sayegh added.

Gas Processing >>

Gas Processing News in Qatar >>

Qatar >>  12/3/2018 - The OPEC Secretary General, His Excellency Mohammad Sanusi Barkindo, has today received a letter from the State of Qatar giving notice of its intentio...
Saudi Arabia >>  11/26/2018 - Saudi Aramco hosted its 4th IKTVA Forum & Exhibition this week at the Dhahran Expo Center in Dammam, attracting more than 1,000 local and internationa...

Saudi Arabia >>  11/26/2018 - Lamprell with its partners has been selected as a contractor on Saudi Aramco's Long Term Agreement for Offshore Facilities (LTA) programme. ...
United Arab Emirates >>  11/26/2018 - The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have added Wintershall Holding GmbH to the Ghasha ultra-sour gas mega project ...

Saudi Arabia >>  11/12/2018 - Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) signed a framework agreement to explore opportunities for collaboration in the Natural Gas...

Related Categories: Deodorization system  Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

Related Articles: Gas dehydration  Gas sweetening  Gas Treating  General  GTL Processing  LNG Processing  LPG Domestic use  LPG Odorless  Packing  Phase Separation  Scrubbers 

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

Oil & Gas Projects in Qatar >>

More News

Related Links

Gulf Oil and Gas
Copyright Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.