Chief Executive Officer of Qatar Petroleum: Qatar Production of Natural Liquefied Gas Will Increase By 64% to 126 Million Tons Per Annum by 2027

25 November 2019

Qatar Petroleum (QP) announced that it will increase Qatar’s production capacity of the natural liquefied gas to 126 million tons annually. This will represent an increase of 64% above the current production level of 77 million tons per annum.

The announcement was included in a statement made by HE Eng. Saad Sherida Al-Kaabi, State Minister of Energy, Managing Director and Chief Executive Officer of Qatar Petroleum. Mr. Al-Kaabi stated that the technical tests had shown the expansion of the gas layers feeding North well to the depths of the Qatari lands in Ras Laffan; which will allow the development of a new project for the production of the natural liquefied gas North Qatar.

HE Mr. Al-Kaabi, in a press conference held on this occasion, said “Qatar Petroleum has worked hard on a plan over the past two years to discover the expansion of the North well toward south west and to further identify the possibility of production from the coastal areas  north Qatar. I am pleased to announce today that our surveys were resulted in excellent outcomes as the technical tests of the experimental wells confirmed the expansion of the gas layers feeding the North Field to the depths of the Qatari land in Ras Laffan and the possibility of producing huge quantities of gas from this new district”

It is worth-noting that the most recent evaluation well in the North field is (NF-12), which was drilled in Ras Laffan Industrial Zone, 12km from the shore, has undergone extensive tests over the past few months.

HE, the Minister announced also during the press conference that the fixed quantities of gas contained in the North field exceed 1760 trillion cubic feet of gas, in addition to more than 70 billion barrel of the condensates and huge quantities of the liquefied petroleum gas, ethane and helium gas.

HE Al-Kaabi added “These findings are highly important and positive indications that will move the Qatari gas industry to new positions as they will enable us to immediately commence the basic engineering works for a new project containing two mega production lines for the producing natural liquefied gas at a production capacity rate of 16 billion tons per annum. This will increase our production from 77 billion tons to 126 billion tons per annum by 2027, an increase of 64%. With that, Qatar total production from Hydrocarbons will reach nearly 6.7 billion barrel of equivalent oil per day.

HE Mr. Al-Kaabi, State Minister of Energy, the Managing Director and the CEO of Qatar Petroleum took the opportunity to express, on his behalf and on behalf of all Qatar Petroleum employees, his thanks and gratitude to HH, Sheikh Tamim Bin Hamad Al Thani, The Emir of the State of Qatar, for his wise leadership, prudent guidance and continued support to the energy sector in the State of Qatar.