Qatargas 1 is a producing conventional gas field located in shallow water in Qatar and is operated by QatarEnergy. The field is located in block North Field Bravo (NFB), with water depth of 200 feet.

Field participation details

The field is owned by QatarEnergy.


Production from Qatargas 1

The Qatargas 1 conventional gas field recovered 43.16% of its total recoverable reserves, with peak production in 2011. The peak production was approximately 57.06 thousand bpd of crude oil and condensate and 1,346 Mmcfd of liquid natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2082. The field currently accounts for approximately 6% of the country’s daily output.


Remaining recoverable reserves

The field is expected to recover 2,624.22 Mmboe, comprised of 674.2 Mmbbl of crude oil & condensate and 11,700.09 bcf of liquid natural gas reserves. Qatargas 1 conventional gas field reserves accounts 0.89% 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.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.