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Doha, October 1 st , 2005

History and Future Opportunities In The Oil & Gas Industry In Qatar. Doha, October 1 st , 2005. Contents. Introduction Crude Oil, Exploration and Development Gas Development Conclusions. Introduction.

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Doha, October 1 st , 2005

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  1. History and Future Opportunities In The Oil & Gas Industry In Qatar Doha, October 1st , 2005

  2. Contents • Introduction • Crude Oil, Exploration and Development • Gas Development • Conclusions

  3. Introduction • Qatar witnessed a transformation of its energy sector from a declining oil based industry to a thriving one based on a diverse mix of oil, gas and petrochemical • Growing international investor confidence. S & P raised 2003 Qatar rating to A+ • Key Achievements: • Significant increase in reserves and doubling of oil production • Rapidly expanding LNG sector • Creation of Gas to Liquid (GTL) industry • Participation of major international companies and private sector

  4. CRUDE OIL EXPLORATION & DEVELOPMENT

  5. Crude Oil Exploration & Development • Oil Production Capacity Doubled in Last 10 Years Through PSA Contracts • Current Oil Production 750-800 MBOPD • New Development Plans will Enable Production Capacity to be Increased and Sustained for Many Years • Reserves Expected to Increase Even with Increased Production

  6. PSA Fields: Recent Financial Investments • Al-Shaheen (Maersk) FDP 2001: 1.2 Billion US$, Total Investment to date over 2 Billion US$ • Al-Khalij (Total) New Phased Dev.: Over 300 mm$ • Al-Rayyan (Anadarko) New Facilities + Wells: ~ 200 mm$ • Idd El-Shargi North (Oxy) Dev. (2002 – 2006): ~ 700 mm$ • Idd El-Shargi South (Oxy) New Dev.: ~ 230 mm$ • Al-Karkara & A-Structure (QPD) New FDP: ~ 100 mm$

  7. PSA Fields: Recent Technical Achievements • Al-Shaheen: Very Complex Carbonate & Sandstone Reservoir being Developed with some of the World’s Longest Horizontal Wells • Al-Khalij: Water Separation Offshore and Re-injection into Complex Mishrif Reservoir • Al-Rayyan: Coiled Tubing Conveyed ESP • Idd El-Shargi North & South: Many Complex Extended Reach Horizontal Multi-Lateral Wells • Al-Karkara & A-Structure: Gas Re-injection into Reservoir to Achieve Zero Flaring

  8. Exploration and Appraisal Activities • Evaluation of Regional Hydrocarbon Systems • Numerous 3D Seismic Data Acquisition • Introduction of 4C Seismic Data Acquisition • Pre-Khuff Evaluation Study • Exploration & Appraisal Drilling

  9. Total Oil Production, MBOPD PSA QP

  10. Reserves – QP Operated & EPSA / DPSA Fields Total Investment EPSA – DPSA Operators (1996-2004) = $B 4.9 EPSA DPSA Reserves Added (QP Ops.)

  11. DUKHAN, MM & BH, EPSA 4 4 12 5 3 3 13 10 6 8 7 14 14 2 1 9 Current Area Situation (5) MAERSK (6) TOTAL (2) ENCANA (11) WINTERSHALL CONS. (13) (12) ANADARKO/OMV (10) TALISMAN (4) ANADARKO IRAN 11 BAHRAIN QATAR DPSA ISND, ISSD – OXY AL-KARKARA & STRUCTURE A - QPD ABUDHABI BIDS NN SAUDI ARABIA NEW BLOCKS 3, 14

  12. QATAR EXPLORATION / DEVELOPMENT Areas Situation

  13. GAS DEVELOPMENT

  14. Objectives of Qatar Gas Industry • Major Player and Exporter in the World Gas Industry Through Diversification • Pipeline • LNG • Gas to Liquid Conversion (GTL). • Local Demand for Gas: • Power Generation and Desalination. • Hub for Gas Based Industries.

  15. Qatar Pipeline Gas For Export & Local Demand • Two projects for export and local demand: • AKG (Al-Khaleej) Project: • Under DPSA between Government of the State of Qatar and ExxonMobil • Total capacity 1.75 BCF/D of Sale Gas • Phase (1) ~ 0.75 BCF/D under construction to supply local industries in Ras Laffan and Mesaieed area. • ORYX GTL Project, IPP, Gas Grid • Other opportunities for export. • The Dolphin Project: • 2 BCF/D of Sale Gas to UAE • Development plan has been approved • EPC Contracts signed • First gas by end-2006

  16. Qatar LNG Industry • During the last 10 years, Qatar became one of the leading supplier of LNG. • In the next 10 years, Qatar expected to be the Largest LNG Exporter in the World. • LNG industry is based on two major LNG Joint Ventures namely QatarGas and RasGas in Ras Laffan. • Operating Projects: • QatarGas I : 3 Trains, capacity ~ 9 mmta export to Japan & others • RasGas I : 2 Trains, with 6.6 mmta capacity, committed to Korea and others

  17. Qatar LNG Industry • Under Construction Projects: • RasGas II : 3 x 4.8 mmta trains, capacity of 14.4 mmta, startup 2005 & 2007, to supply India, Italy and others. • Committed Projects: • QatarGas II : 2 x 7.8 mmta trains with total capacity 15.6 mta, startup early-2008, to supply to the U.K. • QatarGas III : 1 x 7.8 mmta, total capacity 7.8 mmta, startup 2009 to supply USA. • RasGas III : 2 x 7.8 mmta, with total capacity of 15.6 mmta, startup 2008, to supply USA • Total LNG production capacity by start of next decade will be about 77 mmta.

  18. Gas To Liquid (GTL) Projects • Qatar has undertaken a strategic decision to be the world capital of GTL • The world’s largest GTL project (ORYX GTL), JV between QP and SASOL with capacity of 34000 B/D, first production by end 2005 • DPSA signed with SHELL for the development of a mega integrated GTL project (upstream and downstream). Two trains will be constructed each with a capacity of 70,000 B/D of GTL liquids. Startup end of 2009 • HOA was signed with ExxonMobil for the development of 154,000 BPD GTL Project. Target commissioning 2011

  19. Gas To Liquid (GTL) Projects • Other GTL Projects Under Consideration: • Proposals from various companies are under evaluation • All are integrated upstream/downstream projects • Production capacities: 100,000 – 160,000 bbl/day per project • Gas required: 1.0 – 1.7 Bscf/day per project • GTL Products: Diesel, Naphtha and Lube Oil • Startup dates: Beyond 2012

  20. Investment in North Field Development Projects and Gas Based Industries in Qatar • Period 1990 to 1999: • About US$ 13.4 Billion • Period 2000 to 2010: • Over US$ 60 Billion

  21. Conclusions • Oil prospectivity of the North and North West area of Qatar is high. • Oil production capacity doubled in last 10 years through PSA Contracts • Plan to increase production capacity further with additional field development • Oil reserves are expected to increase significantly in coming years even with increased production • North Field gas utilization is projected to reach around 19 BCF/D by end of current decade

  22. Conclusions • Qatar is currently a leading and reliable supplier of LNG. • Qatar vision of becoming the GTL capital of the world is approaching reality. • Opportunities for EPC / Construction companies to participate in various upstream and downstream oil and gas projects

  23. T H A N K Y O U

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