• 4 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 minutes Is China Rising or Falling? Has it Enraged the World and Lost its Way? How is their Economy Doing?
  • 13 minutes NordStream2
  • 23 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 56 mins California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 1 day "Here is The Hidden $150 Trillion Agenda Behind The "Crusade" Against Climate Change" - Zero Hedge re: Bank of America REPORT
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days "A Very Predictable Global Energy Crisis" by Irina Slav --- MUST READ
  • 6 hours U.S. : Employers Can Buy Retirement Security for $2.64 an Hour
  • 3 days An Indian Opinion on What is Going on in China
  • 11 hours Nord Stream - US/German consultations
  • 3 days Can Technology Keep Coal Plants Alive and Well?
  • 4 days Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 6 days Perfect Energy Storm in Europe: turning our back on fossil fuels is easier said than done!
  • 4 hours Australia sues Neoen for lack of power from its Tesla battery
  • 3 days Storage of gas cylinders
  • 4 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
The New ‘Energy Islands’ Of The North Sea

The New ‘Energy Islands’ Of The North Sea

Artificial energy islands are gaining…

Qatar Starts Expansion Drilling At World’s Largest Gas Field

Qatar Petroleum has started the development drilling campaign of the North Field East Project to expand the production capacity of the world’s biggest natural gas deposit that the tiny nation shares with Iran in the Persian Gulf.  

Qatar shares the North Field with Iran, which calls the deposit the South Pars. While Qatar announced this week the start of its development drilling to expand its natural gas export capacity and reclaim the world’s top liquefied natural gas (LNG) exporter spot, Iran – hit by strict U.S. sanctions and the coronavirus pandemic – says it still has plans for the next phase of the South Pars field, but drilling won't take place until March 2021.

The first offshore well of South Pars Phase 11 project will be drilled in the current Iranian calendar year which began on March 20 and ends in March 2021, Iran’s Oil Minister Bijan Zangeneh said on Wednesday, as quoted by Iran’s oil ministry’s news service, Shana.

Qatar, for its part, has launched drilling for the first phase of the North Field expansion. The first well out of 80 planned was spudded on March 29, Qatar Petroleum said in a statement.

Qatar had previously put a moratorium on any production expansion at the field, but two years ago, it took many market players by surprise when it announced its plan to ramp up production. That decision was made as Australia began challenging—successfully—Qatar’s number-one position as the world’s largest LNG exporter. Qatar has announced plans to increase its LNG production capacity by 43 percent—from 77 million tons annually now to 110 million tons a year. The new export capacity includes expansion projects set to be completed in 2024.  

The first phase of the North Field expansion project will increase Qatar’s LNG production capacity from 77 million tons per annum (Mtpa) to 110 Mtpa. The second phase of the expansion project, called the North Field South Project (NFS), is set to further boost Qatar’s LNG production capacity from 110 Mtpa to 126 Mtpa, Qatar Petroleum says.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News