RasGas 1 is a producing conventional gas field located in shallow water in Qatar and is operated by Qatargas Operating. The field is located in block Rasgas Block A, with water depth of 230 feet.
Field participation details
The field is owned by QatarEnergy, Sumitomo, Sojitz, Korea Gas, Itochu, Exxon Mobil, SK Innovation, Korea Shipbuilding & Offshore Engineering, Others, Hanwha, LG, Daesung Group Partners and Samsung C&T.
Production from RasGas 1
The RasGas 1 conventional gas field recovered 51.96% of its total recoverable reserves, with peak production in 2020. The peak production was approximately 53.63 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 2061. The field currently accounts for approximately 5% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 1,391.08 Mmboe, comprised of 248.63 Mmbbl of crude oil & condensate and 6,854.66 bcf of liquid natural gas reserves. RasGas 1 conventional gas field reserves accounts 0.45% 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), plant condensate, jet fuel naphtha, helium, gasoil and sulphur. It operates LNG trains, domestic sales gas production facilities, condensate refineries, helium production facilities, and jetty boil-off recovery facility. The company exports its products to Europe, Asia, Middle East, North and South American markets. It operates offices in China, Qatar, Japan, South Korea and Thailand. Qatargas is headquartered in Doha, Qatar.
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.