QP and Dolphin Energy sign final development plan for the Dolphin
Gas project
Posted: 11 December 2003
Approval of the plan paves the way for EPC contract awards
Qatar Petroleum and Dolphin Energy Limited announced today the
signing of the Final Field Development Plan for the forthcoming
Dolphin Gas Project, according to the Development and Production
Sharing Agreement (DPSA) dated December 23rd 2001.
The Plan, signed yesterday at Qatar Petroleum’s Headquarters
in Doha, was signed by His Excellency Abdullah Bin Hamad Al Attiyah
Qatar’s Second Deputy Premier and Minister of Energy and Industry,
and by Mr. Ahmed Ali Al Sayegh, Dolphin Energy’s Chief Executive
Officer.
The signing of the Development Plan represents the final investment
decision for the project and sets out the details for the various
development stages – drilling program, offshore and onshore
construction, compression station and export facilities.
Once the Development Plan is fully implemented in 2006, Dolphin
Energy will produce natural gas from Qatar’s offshore North
Gas Field and process it onshore at Ras Laffan Industrial City to
extract Condensate and NGL products. The resulting Export Gas will
subsequently be transported by the Dolphin pipeline to the UAE.
The Project will attain full capacity within two years of production
commencement with export gas rate of 2 billion square feet per day
(bscfd), condensate production of around 100,000 barrels per day
(bpd) and Natural Gas Liquids (NGL) products of around 8000 Tons
Per Day (tpd).
At the signing ceremony, H.E. Al Attiyah said: “The signature
of this Development Plan further strengthens Qatar Petroleum’s
relationship with Dolphin Energy, following the signing of the original
Development & Production Sharing Agreement (DPSA) December 2001.
“This cross border initiative is beneficial to the people
of both countries, and is a fine example of energy and industrial
cooperation between brotherly GCC countries. The plan also cements
the financial commitment of Dolphin Energy to the Project,”
H.E. added.
For Dolphin Energy, Mr. Al Sayegh stated: “The Development
Plan confirms the approval of both Qatar Petroleum and Dolphin Energy
on key financial and technical parameters under which our company
will produce gas in Qatar.
“We are grateful for the continuing support of the Qatari
Government, and of Qatar Petroleum, in helping us drive this unique
initiative to completion. Mr. Al Sayegh added.
Qatar Petroleum
Qatar Petroleum (Previously QGPC) is a state-owned corporation established
in the State of Qatar by Emiri Decree in 1974. QP is responsible
for all phases of the oil and gas industry in Qatar.
The principal activities of QP and its subsidiaries and joint ventures
cover exploration, drilling, production, storage and transport and
sale of crude oil, natural gas liquids, liquefied natural gas, refined
products, petrochemicals and fertilizers, and Helicopter and financing
services.
The operations and activities of the Corporation are conducted
at various onshore locations, which include Doha, Dukhan, Mesaieed
and Ras Laffan Industrial Cities, as well as offshore areas including
Halul Island, offshore production stations, drilling platforms and
North Gas Field.
Dolphin Energy Limited
Dolphin Energy Limited was created to develop substantial energy
projects throughout the GCC. Its objective is to create long-term
economic wealth and new business opportunities for citizens, far
into the future.
Dolphin Energy’s major strategic initiative, the Dolphin
Project, involves the production and processing of natural gas from
Qatar’s North Field, and transportation of the dry gas by
pipeline to the UAE, beginning in 2006. Dolphin Energy’s first
energy initiative comes on stream in 1st Quarter 2004, when Dolphin’s
natural gas pipeline from Al Ain to Fujairah is inaugurated. This
pipeline will supply the Union Water and Electricity Company in
Fujairah — initially with natural gas from Oman, and subsequently
with Dolphin gas from Qatar.
The shareholders in Dolphin Energy Limited are Mubadala Development
Company, wholly owned by the Government of Abu Dhabi, Total of France
and Occidental Petroleum of the USA.
Posted by Richard Price,
Editor Pipeline Magazine
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