DOHA, Qatar – Qatar Petroleum (QP) plans to raise the Gulf state’s LNG production by 23 MM tons/yr to 100 MM tons.
It will achieve this by doubling the size of the new development project in the southern part of the giant offshoreNorth field, announced in April.
The investment should increase the North field’s output of natural gas, condensate, and other associated products by 1 MMboe/d.
President and CEO Saad Sherida Al-Kaabi said: “With the conclusion of further technical studies, we have decided that the best option would be to double the size of the project to 4 bcf/d, which constitutes a 20% increase from the current North field production rate…”
The project, he added, should be completed within five to seven years and would strengthen QP’s position as the world’s largest LNG producer and exporter, raising Qatar’s overall production to around 6 MMboe/d.