Qatargas 2 is a producing conventional gas field located in shallow water in Qatar and is operated by QatarEnergy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Qatargas 2 Train 5 and Qatargas 2 Train 4, with water depth of 213 feet. Buy the profile here.
Field participation details
The field is owned by Exxon Mobil, QatarEnergy and TotalEnergies.
Production from Qatargas 2
The Qatargas 2 conventional gas field recovered 47.31% of its total recoverable reserves, with peak production in 2013. The peak production was approximately 107.24 thousand bpd of crude oil and condensate, 54.00 thousand bpd of natural gas liquids and 2,088 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2083. The field currently accounts for approximately 10% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 2,393.17 Mmboe, comprised of 385.25 Mmbbl of crude oil & condensate and 12,047.50 bcf of liquid natural gas reserves. Qatargas 2 conventional gas field reserves accounts 0.82% of total remaining reserves of producing conventional gas fields globally.
About QatarEnergy
QatarEnergy is a state-owned integrated oil and gas company. Its operations covers the entire spectrum of the oil and gas value chain, and include the exploration, drilling, production, storage and transport, refining, marketing and sale of crude oil, natural gas, natural gas liquids, liquefied natural gas (LNG), gas-to-liquids, refined products, petrochemicals and fertilizers. The company also has presence in steel and aluminum businesses. It provides services such as financing and helicopter chartering. QatarEnergy conducts its operations and activities at various onshore and offshore sites in Qatar. The company also has operations in other countries across the world. QatarEnergy is headquartered in Doha, Qatar.
For more details on the Qatargas 2 Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
