RasGas 1 is a producing conventional gas field located in shallow water in Qatar and is operated by Qatargas Operating. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Rasgas Block A, with water depth of 230 feet. Buy the profile here.
Field participation details
The field is owned by Daesung Group Partners, Exxon Mobil, Hanwha, Itochu, Korea Gas, Korea Shipbuilding & Offshore Engineering, LG, Others, QatarEnergy, Samsung C&T, SK Innovation, Sojitz and Sumitomo.
Production from RasGas 1
The RasGas 1 conventional gas field recovered 59.25% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 53.42 thousand bpd of crude oil and condensate and 978 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2066. The field currently accounts for approximately 5% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,139.04 Mmboe, comprised of 287.94 Mmbbl of crude oil & condensate and 5,106.58 bcf of liquid natural gas reserves. RasGas 1 conventional gas field reserves accounts 0.39% of total remaining reserves of producing conventional gas fields globally.
About Qatargas Operating
Qatargas Operating Co Ltd (Qatargas), a subsidiary of Qatar Petroleum, is a producer and supplier of liquefied natural gas (LNG). The company refines crude oil and produces LNG from its gasification terminals. It also produces LNG, liquefied petroleum gas (LPG), jet fuel, naphtha, helium, gasoil and sulfur. It operates LNG trains, domestic sales gas production facilities, condensate refineries, helium production facilities, and jetty boil-off recovery facilities. The company exports its products to Europe, Asia, the Middle East, and North and South American markets. It operates offices in China, Qatar, Japan, South Korea and Thailand. Qatargas is headquartered in Doha, Qatar.
For more details on the RasGas 1 Conventional Gas Field, buy the profile here.