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Report: Qatar invites oil, gas majors to bid on North Field expansion project

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Report: Qatar invites oil, gas majors to bid on North Field expansion project

Qatar has invited a number of oil and gas majors to file bids for contracts on its North Field natural gas expansion project, according to an Oct. 8 report from Bloomberg News, citing a statement from Qatar Energy Minister Saad Sherida Al-Kaabi.

Al-Kaabi, who is also the president and CEO of Qatar Petroleum, said the final contracts will be awarded by the end of the year, with contracts for construction expected to be obtained in the first quarter of 2020, allowing the project to start production in 2024, according to the report.

The report said Exxon Mobil Corp., Royal Dutch Shell PLC, Total SA and ConocoPhillips were among those invited.

The North Field expansion project is part of Qatar's strategy to boost LNG production capacity to 110 million tonnes per annum, from 77 million tonnes per annum.

The field covers an area of more than 6,000 square kilometers, or around half the land area of Qatar, and is estimated to have recoverable reserves of more than 900 trillion standard cubic feet.