Oil production reached a 15-year high of 490,000 b/d in September. The year-on-year rise of 50,000 b/d is the direct result of greater foreign company involvement with state-owned Qatar General Petroleum Corporation (QGPC). The aim is to have 700,000 b/d of installed capacity by 2000.
The local/US Ras Laffan LNG Company (Rasgas) is confident it can sell the remaining 2.6 million tonnes a year of output from its two-train liquefaction plant by early 1997. Negotiations are continuing with Korea Gas Corporation (KGC) about exercising an option to take more LNG, and Rasgas has been holding discussions with prospective customers in Thailand, India, China and Turkey.
The US-based Stone & Webster Engineering Corporation took the estimated $50 million project to upgrade the Khatiyya degassing stations in the onshore Dukhan field in early September. The scheme is part of QGPC's plans to boost reservoir pressure and production from the field.