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Qatar Petroleum Welcomes CERA Delegates. CERA WEEK 2005 – Presentation by H G Bevan. QATAR RESERVES. CERA WEEK 2005 – Presentation by H G Bevan. Overall Strategy for North Field. LNG Production Expanded to above 72 MTPA Pipeline Gas Projects as available
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Qatar Petroleum Welcomes CERA Delegates CERA WEEK 2005 – Presentation by H G Bevan
QATAR RESERVES CERA WEEK 2005 – Presentation by H G Bevan
Overall Strategy for North Field • LNG Production Expanded to above 72 MTPA • Pipeline Gas Projects as available • Petrochemical Projects to utilise methane • Petrochemical projects to utilise ethane and so add value to gas from the North Field; • Gas for electricity and water production; • Gas to Liquids Projects CERA WEEK 2005 – Presentation by H G Bevan
Gas Volumes for Strategy CERA WEEK 2005 – Presentation by H G Bevan
Overall Strategy for Projects • First Class partners and alliances to provide technical and marketing skills • World Scale to be price competitive • Innovative Projects to seize market opportunities • State of the art licenses where appropriate • Exploiting Qatar’s natural assets of Oil & Gas • Competitive Project Funding CERA WEEK 2005 – Presentation by H G Bevan
Crude Oil and Condensate Production Trends Crude Oil Before 2010 Condensate CERA WEEK 2005 – Presentation by H G Bevan
North Field Versus Crude Oil. Contribution to QP Cash Flow CERA WEEK 2005 – Presentation by H G Bevan
Qatar LNG A World Scale Producer CERA WEEK 2005 – Presentation by H G Bevan
Gas to Liquids Projects CERA WEEK 2005 – Presentation by H G Bevan
Qatar GTL Production Potential CERA WEEK 2005 – Presentation by H G Bevan
Classes of GTL’s • Small Non Integrated • Large, integrated, simple slate, old costs • Large, integrated, complex slate, new costs CERA WEEK 2005 – Presentation by H G Bevan
Plant Slates by Class of GTL’s CERA WEEK 2005 – Presentation by H G Bevan
Upstream Production by Class of GTL’s CERA WEEK 2005 – Presentation by H G Bevan
Assumptions for Added Value Products • Plant and Field LPG’s – No premiums • GTL Naphtha - $1/bbl for cracker feed • Plant Condensate - $1/bbl for cracker feed • GTL Gasoil - $1/bbl for cetane and low sulphur • Field Condensate – no premium over naphtha if Meroxed • Lube Base Oils, LDF, N – parafines + $200/tonne over Gasoil • Ethane $100/ tonne, Sulphur $50/tonne CERA WEEK 2005 – Presentation by H G Bevan
The Base Lube Oil Market Forecast for 2010 Group Thousand bbls CERA WEEK 2005 – Presentation by H G Bevan
Consequences for Added Value Products • 1 Class 3 GTL Plant can supply 17 M/bbls Day – more than world demand for Group 4 Lube Base Oils • 2 Class 3 GTL Plants can provide sufficient ethane for a world scale ethane cracker • 1 Class 3 GTL Plant will provide 0.4 MTPA of LDF/N-Parafins. This is 20% of world N-parafin market for LAB. CERA WEEK 2005 – Presentation by H G Bevan
Profitability Index by Classes of GTL’s CERA WEEK 2005 – Presentation by H G Bevan