Committed to one thing above all: Excellence
In that respect Qatar Petroleum directly or through its subsidiaries and joint ventures covers:
– Exploration, drilling and development operations
– Production and transformation
– Transportation and storage
– Marketing and sales
Through all these operations Qatar Petroleum handle one of the world largest portfolio of products with:
– Refined Products
– petrochemical Products
– Helicopter Services
– Financial Services
Contractually Qatar Petroleum is partnering with international oil companies with two types of contracts:
– Exploration and Production Sharing Agreements (EPSA)
– Development and Production Sharing Agreements (DPSA)
Qatar Petroleum onshore operations are concentrated in Doha, Dukhan, Mesaieed and Ras Laffan industrial cities.
Offshore, the production stations are installed on the Halul Island, while the drilling platforms covers the North Gas Field.
The development of the oil and gas projects in Qatar in the 2000s over speed some how the whole country infrastructures so that Qatar had to decide a moratorium in 2005 to freeze all new offshore developments from the North field in order to leave time to the country to digest so much changes in a so short period of time.
Overseas, Qatar Petroleum has interests in Algeria with Sonatrach and in USA with ExxonMobil for export LNG project.
Qatar Petroleum Key Figures
– 2011 Revenues: $79,4 billion
– 2009 Revenues: $32,4 billion
– 2011 Earnings: $24,4 billion
– 2010 Earnings: $14,9 billion
– 2009 Earnings: $9,6 billion
– 2011 Capital Expenditure: $9 billion
– 2010 Capital Expenditure :$6,7 billion
– 2009 Capital Expenditure: $9,7 billion
Qatar Petroleum Projects and Business Highlights
Originally planned to apply until 2013, the moratorium affecting the exploration and production of the North gas field was mostly driven by an internal agenda to give a chance to Qatar to cope with all the changes due to the quantity, size and complexity of all the oil and gas and petrochemicals projects to be implemented in the same time.
Today the infrastructures in Qatar are among the best in the world and could easily afford new projects, but the natural gas market has drastically changed in the meantime with the surge of the shale gas in USA.
Until 2009, ExxonMobil was the largest investor in Qatar jointly with Qatar Petroleum and was planning tens of LNG import terminal on the east coast of North America.
This new context, pushes Qatar Petroleum to go global through strategic investment in energy and petrochemical projects overseas.
Qatar Petroleum manages these expanding activities through its international division – Qatar Petroleum International (QPI).
In parallel, Qatar Petroleum contributes to the implementation of Qatar National Vision 2030.
This scheme was drawn up to guide a responsible exploitation of Qatar’s oil and gas resources.
In practice it means for Qatar to maintain a balance between reserves and production,
In this perspective and in respect with the surplus of upstream capacities compared with downstream, all the major projects in Qatar are related to downstream with projects such as Ras Laffan Refinery Expansion, Ras Laffan Aromatics, QP-Shell Petrochemicals, QP-Qapco Petrochemicals.
On the midstream, Qatar Petroleum is planning the expansion of Dolphin to increase capacity to the UAE and Oman.
After the years 2000s of unleashed capital expenditure to feed the world with energy, Qatar envisions wise investments in high added value activities to reduce its reliance on natural gas and favor the generation of advanced technologies and the provision for clean energies.