Qatar Petroleum has set its sights on further expanding its LNG production capacity, with the company aiming to raise its current volumes by 64 percent by 2027.
Speaking at a press conference in Doha, Qatar Petroleum president and CEO, and minister of state for energy affairs, Saad Sherida Al-Kaabi, said the company will raise its production to 126 million tons per annum, by 2027, representing an increase of 64 percent from the current 77 mtpa.
He noted that the new studies showed 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.
“Studies and well tests have also confirmed the ability to produce large quantities of gas from this new sector of the North Field,” Al-Kaabi added.
It is worth mentioning that the latest North Field appraisal well (NF-12) was drilled onshore in the Ras Laffan Industrial City, about 12 kilometers from shore and underwent extensive testing over the past few months.
Al-Kaabi also noted that the confirmed gas reserves of the North Field exceed 1760 trillion cubic feet, in addition to more than 70 billion barrels of condensates, and massive quantities of LPG, ethane, and helium. This will also raise Qatar’s overall hydrocarbon production to about 6.7 million barrels oil equivalent per day.