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News // Oil and gas worldwide

Qatar’s North Field project doubles in size

05 July 2017 , 14:24Neftegaz.RU285

Qatar Petroleum has announced on July 4, 2017, plans to double the size of a new LNG project in the North Field.

 

The proposals would raise Qatar’s LNG production from 77 million to 100 million tonnes per year.

The plans were revealed in April after a long-standing moratorium on the North Field was lifted.

 

The development will increase the North Field’s production of natural gas, condensate and other associated products by 1 mln barrels per day.

Qatar Petroleum president Saad Sheride Al-Kaabi said: «This project will strengthen our position as the world’s largest LNG producer and exporter in line with Qatar Petroleum’s strategic growth plan and objectives of becoming one of the best national oil & gas companies in the world, with roots in Qatar and a strong international presence.»

 

The project is expected to be finished in 5 to 7 years, at which point Qatar’s production will sit at 6 mln barrels of oil equivalent per day.

The North Field is shared with Iran, where it is known as South Pars.

 

To read the article in Russian.

 

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