Oil and gas form the backbone of the economy of the State of Qatar, while the state is making a great effort to diversify its sources in order to reduce the country’s dependence on these natural resources.
The Qatari leadership seeks to increase the production capacity of liquefied natural gas, as most of the GDP of the State of Qatar is based on oil and gas and the associated industrial activities, and Qatar’s position will remain prominent in the global energy market for several years to come as the largest supplier of LNG in the world, including A quarter of global LNG supplies.
Qatar Petroleum (QP), which is wholly owned by the state, carries out all operations of the oil and gas industry in Qatar. Qatari oil is produced from onshore and offshore fields, the most important of which are:
Dukhan field, East count fields, Maidan Mahzam, Bu Al Hanin, Banuq, Al Shaheen, Al Rayyan, Al Khaleej, Karkara, and (A) marine layers.
The North gas field is one of the largest non-associated natural gas fields in the world. The field, which was discovered in 1971, is located in submerged waters in the northeast of the Qatar Peninsula and reaches a water depth ranging between (15-70) meters, and the field extends over an area of 6000 km. Square meters and contains about (900) trillion cubic feet of natural gas, which represents 20% of the world’s gas reserves, which puts Qatar in third place in the world after the Russian Federation and Iran.
In addition, a new gas field containing 2.5 trillion cubic feet of natural gas was discovered north of (4) in marine waters.