Qatar Oil and Gas Report - Business Monitor International - Industry Reports

Qatar Oil and Gas Report

Qatar Oil and Gas Report - Business Monitor International - Industry Reports
Qatar Oil and Gas Report
Published Oct 08, 2016
80 pages — Published Oct 08, 2016
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We highlight the following trends and developments in Qatar s oil and gas sector: Total has won the retendering of the Al Shaheen oil field and will take over from Mearsk Oil in July ----. Qatar Petroleum is aiming to lift the crude output from ---,---b/d to ---,---b/d, in what is Qatar s largest oil field. ...Natural gas consumption will grow aggressively over the few years as the Barzan gas project feeds into domestic industries taking overall demand from --.-bcm in ---- to --bcm in ----. Post-----, Qatar does not have any new liquefied natural gas (LNG) contracts coming into force and, with --.-bcm of contracts rolling off in the next ten years, it will have to start negotiating new contracts to secure long-term offtake. Despite the demand weakness in South Korea and Japan, we expect Asia to remain the dominant consumer of LNG, driven by strong growth in emerging markets such as China and India. ...Qatar s exports around ---,--- b/d of condensates in the form of its two flagship condensate grades: the Deodorized Field Condensate (DFC) and the Qatar Low Sulphur Condensate (LSC). The Laffan Refinery will primarily use DFC as it is the more popular feedstock for condensate splitters, leading to a decline in

...The overall level of upstream activity in Qatar is forecast to remain modest. While the Khuff discovery was an indication of the Qatar s remaining hydrocarbon potential, the moratorium on development and the strengthening of the government s role in the sector remain obstacles to investment. The North Field holds the vast majority of Qatari reserves, both gas and liquids in the form of condensate and natural gas liquids (NGLs). Our forecasts suggest Qatari proven oil reserves will remain broadly flat, with reserves of --.-bn bbl in ---- falling to --.-bn bbl by ----, given stable production and the prospect, even though it is a limited one, of new offshore oil discoveries. New liquids production is most likely to come from condensate and NGLs output from gas developments. ...

...The risk of terrorism or regional conflict cannot be discounted, with dependency on shipping through the Strait of Hormuz a key vulnerability. Competition from new suppliers of LNG could hit Qatar s chief source of hydrocarbons revenue, resulting in downward pressure on pricing which Qatar has been resistant to reform from oil-indexed linkages Falling commodity prices is reducing positive sentiment to invest in the Qatari upstream Capex cuts threaten enhanced oil recovery programmes, which would lead to steeper decline rates on the mature fields ...


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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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Business Monitor International - Industry Reports. "Qatar Oil and Gas Report" Oct 08, 2016. Alacra Store. Oct 25, 2016. <>
Business Monitor International - Industry Reports. (2016). Qatar Oil and Gas Report Oct 08, 2016. New York, NY: Alacra Store. Retrieved Oct 25, 2016 from <>
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