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However, after facing huge cost escalation, it was reported to be $18 billion in 2007, [1] and, according to QatarEnergy sources, final project cost is expected to reach as high as $24 billion. [10] Because Shell's contract provided them with the input gas for free, the project was calculated to be viable once the price of oil exceeded $40 per ...
Shell will take a 6.25% stake in the North Field East expansion project, QatarEnergy CEO Saad al-Kaabi told a news conference. TotalEnergies and Exxon will also hold 6.25% stakes. UPDATE 2-Shell ...
Shell (SHEL) to take a 6.25% interest in the North Field East expansion megaproject for an undisclosed consideration.
Qatar will bring on board Shell and Exxon Mobil as partners in the second phase of the Gulf country's giant liquefied natural gas (LNG) expansion, three sources familiar with the matter told Reuters.
In October 2021, Shell Qatar presented Qatargas with the Reliable Asset Award for 2020 and the beginning of 2021. [78] [79] In November 2021, a project to build carbon dioxide sequestration facilities at Ras Laffan was announced and would be led by Qatargas along with Axens. The companies TEG technology was the reasoning for the selection of Axens.
The Pearl GTL project, a joint venture of Shell and QatarEnergy, is under construction in Ras Laffan, Qatar, and will produce 140,000 barrels per day (22,000 m 3 /d) of Fischer Tropsch petroleum liquids starting in 2011 (first train) and 2012 (second train).
Shell will have a 9.3% share of the project and QatarEnergy will keep 75%, Saad al-Kaabi, who is also state minister for energy, said at a news conference. The development contract for North Field ...
The bulk of Qatar's expected future increases in natural-gas production will come from projects related to the massive North Field. In 2005, Qatari government officials became worried that the North Field’s natural gas reserves were being developed too quickly, which could reduce pressure in the field's reservoirs and possibly damage its long-term production potential.