Qatar Petroleum will raise the country's LNG production capacity to 126 million tons per annum (mtpa) by 2027, marking a 64% increase from the current 77 mtpa, the Minister of State for Energy Affairs and President and CEO of Qatar Petroleum, Saad Sherida Al-Kaabi, said Monday.
According to Qatar Petroleum's announcement, Al-Kaabi said that new studies have revealed that the North Field’s productive layers extend well into Qatari land in Ras Laffan, paving the way for a new LNG production project in the north of Qatar.
"During the past two years, Qatar Petroleum worked diligently to determine the degree to which the North Field extends towards the south west, as well as the possibility of production from Qatar’s northern coastal onshore areas," Al-Kaabi said.
"Studies and well tests have also confirmed the ability to produce large quantities of gas from this new sector of the North Field," he added.
Al-Kaabi also announced the confirmed gas reserves of the North Field exceed 1,760 trillion cubic feet, in addition to more than 70 billion barrels of condensates, and massive quantities of LPG, ethane, and helium.
He explained that as a result of these findings, the country's gas industry would see a great positive impact in moving the industry forward into bigger and wider horizons. In particular, he said the results would enable the company to start the necessary engineering work for two additional LNG mega trains with a combined annual capacity of 16 million tons per annum.
It will also raise Qatar’s overall hydrocarbon production to about 6.7 million barrels of oil equivalent per day.
By Murat Temizer