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Qatar Energy Minister Reveals Country's E&P Technology Priorities

After completing a massive investment on liquefied natural gas (LNG) trains, what is your next investment strategy? Are you going to focus on increasing oil production or further increase your LNG output?

First, let me point out that Qatar has been and remains a relatively small crude-oil producer compared with its neighbors. Qatar’s oil production has peaked at around 500,000 B/D during the 1970s, but, as fields aged, production started to decline until it reached around 300,000 B/D in 1987. Production exceeded 800,000 B/D in 2006 as Qatar entered into a number of production-sharing agreements with various international oil companies. Production has settled since 2008 at its current level of 700,000 B/D.

Qatar’s strategy in the development and production of its oil and gas fields is based on maximum recovery of reserves through the longest plateau of sustainable production levels.

To ensure steady production levels, Qatar Petroleum (QP) is going through a redevelopment program for its oil fields, which were originally developed with older technology. Major reservoir and fieldwide studies have been initiated to reassess the reserves and the long-term production prospects for each field using improved- and enhanced-oil-recovery techniques with the latest cutting-edge technology and powerful computer processing. Redevelopment will be pursued in light of the outcome of the studies.

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Qatar Energy Minister Reveals Country's E&P Technology Priorities

Abdelghani Henni, JPT Middle East Writer

01 March 2014

Volume: 66 | Issue: 3

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