Aug 20 | 2019
Development of World's Largest Gas Fields
Authorities in Qatar may be close to signing several tenders for development of the major North Field Sustainability project this year.
The giant offshore gas project is part of Qatar National Vision 2030 for hydrocarbon development, and will drive significant breakbulk activity in the southern sector of the North Field.
State-owned energy firm Qatargas will execute the mega project, with engineering contractor McDermott believed to be a front-runner for EPC work.
New Platforms
The first phase of the North Field Sustainability project will include construction of two nine-slot wellhead platforms, topsides, jackets and pile. A new riser platform will also be built including additional topsides, jackets and piles as well as two offshore jackets and drilling decks.
Contracts are planned to be signed in 2019 with work to take place over the coming years. Multiple phases of the project are planned with total output set to hit 100 million tonnes per annum, up from the current 77 million tonnes per annum, by completion.
In April, Qatargas signed contract with McDermott for a separate expansion project at its North Field facilities.
Overseas Expansion
Alongside domestic growth plans, Qatar has acceleatated its international expansion straget with the acquisition of a stake in French energy giant Total’s offshore assets in Guyana.
The deal will see Qatar Petroleum acquire a 40-percent stake of Total’s holdings in the Orinduik block and the Kanuku block. Total owns a quarter-share participating interest in both.
Other partners in the blocks are Tullow Oil with a 60-percent participating interest and EcoAtlantic with a 15-percent interest.
The giant offshore gas project is part of Qatar National Vision 2030 for hydrocarbon development, and will drive significant breakbulk activity in the southern sector of the North Field.
State-owned energy firm Qatargas will execute the mega project, with engineering contractor McDermott believed to be a front-runner for EPC work.
New Platforms
The first phase of the North Field Sustainability project will include construction of two nine-slot wellhead platforms, topsides, jackets and pile. A new riser platform will also be built including additional topsides, jackets and piles as well as two offshore jackets and drilling decks.
Contracts are planned to be signed in 2019 with work to take place over the coming years. Multiple phases of the project are planned with total output set to hit 100 million tonnes per annum, up from the current 77 million tonnes per annum, by completion.
In April, Qatargas signed contract with McDermott for a separate expansion project at its North Field facilities.
Overseas Expansion
Alongside domestic growth plans, Qatar has acceleatated its international expansion straget with the acquisition of a stake in French energy giant Total’s offshore assets in Guyana.
The deal will see Qatar Petroleum acquire a 40-percent stake of Total’s holdings in the Orinduik block and the Kanuku block. Total owns a quarter-share participating interest in both.
Other partners in the blocks are Tullow Oil with a 60-percent participating interest and EcoAtlantic with a 15-percent interest.
