Qatar has selected Exxon Mobil, TotalEnergies, Royal Dutch Shell, and ConocoPhillips as partners for the $30bn North Field expansion project, Reuters reported.
The expansion of the world’s largest liquefied natural gas (LNG) project is expected to increase Qatar’s LNG production capacity by 64% by 2027.
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Being developed by state-owned Qatar Energy (QE), the North Field expansion project is also expected to help to guarantee long term gas supply to Europe.
In May 2021, a total of six companies submitted bids for the expansion project. The other two were Chevron and Italy’s Eni.
TotalEnergies, Exxon, Shell, and ConocoPhillips currently hold stakes in Qatar’s existing production facilities.
QE plans to sign deals on 12 June with the selected oil firms, which are expected to hold a total of approximately 20% to 25% of the offtake of the new expansion project.
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By GlobalDataLocated offshore north-east Qatar peninsula, the North Field is said to be the world’s biggest single, non-associated natural gas field.
The North Field Expansion (NFE) plan will involve six LNG trains, which are anticipated to boost Qatar’s liquefaction capacity to 126 million tonnes per annum (mtpa) by 2027, from 77mtpa.
Earlier this year, QatarEnergy awarded an engineering, procurement, construction, and installation (EPCI) contract to McDermott Middle East for offshore facilities and pipelines related to the North Field expansion project.
McDermott was contracted to provide 13 normally unmanned wellhead platform topsides, including eight for the North Field East (NFE) and five for the North Field South (NFS) projects.
Production from the North Field expansion project is planned to start in 2025.
