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events 8 The Health, Safety and Environment Gulf of Mexico conference (HSE GOM)
debuts for its first edition on 8-9 October in Houston, Texas. It will unite
leaders from the offshore community to share insights and best practices for
enhancing safety standards and performance in the region. Expert speakers will
present on topics such as safety culture, contractor management, advancements in
PPE and regulatory compliance. Download the brochure at
https://events.offsnet.com/HSEGOM2024#/Bro chure ISSUE 5 2024 |
oilreviewmiddleeast.com September 2-5 Offshore Europe ABERDEEN
www.offshore-europe.co.uk 17-18 OWI MENA ABU DHABI
events.offsnet.com/OWI-MENA-2024 17-20 Gastech 2024 HOUSTON www.gastechevent.com
October 8-9 HSE GOM HOUSTON events.offsnet.com/HSEGOM2024 7-10 Africa Oil Week
CAPE TOWN www.aowenergy.com 15-17 ESF MENA RIYADH europetro.com/esfmena November
4-7 ADIPEC ABU DHABI www.adipec.com 12-13 HSE MENA DUBAI
events.offsnet.com/HSEMENA2024 26-28 Egypt Energy CAIRO www.egypt-energy.com
Please verify dates and location with organisers as this information can be
subject to change Uniting the offshore community to enhance safety Events
calendar 2024
qatar C apitalising on the high global demand for LNG, Qatar is looking to
double its production capacity in the next few years. Its commitment to refocus
on gas production and tap into the LNG export market was cited as a reason for
quitting OPEC in January 2019 after 57 years as a member. Oil production has
declined over the past few years, standing at around 580,000 bpd of crude on
average in Q1 2024. Al-Shaheen development However, Qatar is working to expand
oil production at its largest offshore field, Al- Shaheen. In January this year,
aiming to advance the third phase of its development, QatarEnergy announced
US$6.2bn in contract awards. The EPCI contract packages are expected to boost
production by around 100,000 bpd. The third development phase of the Al- Shaheen
initiative marks the North Oil Image Credit: Adobe Stock Qatar is focusing on
LNG expansion, with the aim of achieving production capacity of 142mn tons per
annum by the end of the decade. Madhurima Sengupta reports. Maximising value
from rich HYDROCARBON RESOURCES 9 ISSUE 5 2024 | oilreviewmiddleeast.com Qatar’s
LNG expansion projects are designed to help meet growing demand for cleaner
energy.

Company’s acquisition of the field’s operations in 2017. Identified as Project
Ru’ya, the third development phase has been spread over a span of five years,
with first oil anticipated in 2027. North Oil Company is a joint venture (JV)
between QatarEnergy (70%) and TotalEnergies (30%). “By awarding these contracts,
we are taking an important step towards realising the full potential of
Al-Shaheen field, which produces around half of Qatar’s crude oil today. “I
would like to thank North Oil Company and our longtime strategic partner
TotalEnergies for their great efforts towards unlocking the true potential of
Qatar’s hydrocarbon resources and maximising value from Al-Shaheen field through
the implementation of world-class development and operational excellence
programmes,” said Saad Sherida Al-Kaabi, the Qatar's Minister of State for
Energy Affairs and president and CEO of QatarEnergy, while announcing the major
contracts. The project will include a drilling campaign of more than 200 wells,
installing a new centralised process complex, and nine remote wellhead platforms
and related pipelines. Companies including McDermott Middle East, Qingdao
McDermott Wuchuan Offshore Engineering, Hyundai Heavy Industries, and Larsen &
Toubro, among others, bagged the four main EPCI contract packages. A US$2.1bn
contract for nine wellhead platforms was awarded to a consortium of McDermott
Middle East and Qingdao McDermott Wuchuan Offshore Engineering, while a US$1.9bn
contract for a central Qatar is working to expand production at its largest
offshore field. qatar Image Credit: Adobe Stock 10 ISSUE 5 2024 |
oilreviewmiddleeast.com Al-Shaheen’s oil production rate reached 300,000 bpd by
2007.

processing platform went to McDermott Middle East and Hyundai Heavy Industries.
Additionally, Larsen & Toubro secured the US$1.3bn contract for a riser
platform, while China Offshore Oil Engineering Company was awarded the US$900m
contract for subsea pipelines and cables. Commercial production in the
Al-Shaheen field dates back to 1994, and since then the field has witnessed
several developments, which led its oil production rate to 300,000 bpd by 2007.
Mega LNG projects Currently, Qatar’s LNG expansion projects are moving ahead on
track towards an increased production capacity of 142mn tons per annum, with
18mn tons per annum coming from its LNG project in Texas. Speaking at the Qatar
Economic Forum in May, Al-Kaabi said, “LNG is not going away any anytime soon,
as was recently made clear by the G7 as well as by many countries around the
world, who have changed their position of moving away from fossil fuels."
Al-Kaabi said Qatar’s LNG expansion projects are designed to help meet growing
demand for cleaner energy driven by economic growth and rising populations and
living standards. He added that QatarEnergy has secured 25mn tons of long-term
LNG sales and will be signing more this year. QatarEnergy continues work to
implement various elements of the North Field production expansion projects,
including the North Field East project and the North Field South project.
Together, their yeild is expected to reach the combined capacity of 49MTPA. In
February, it announced that it is proceeding with a new LNG expansion project,
the 'North Field West' project, to further raise Qatar’s LNG production capacity
to 142 mn tons per annum (MTPA) before the end of this decade. During the launch
of the project, the qatar 11 QatarEnergy has secured 25mn tons of long-term LNG
sales. ISSUE 5 2024 | oilreviewmiddleeast.com

company said that it will soon start the basic engineering works necessary to
deliver the project as per its approved schedule. “QatarEnergy has focused its
efforts and attention on determining how far west the North Field’s productive
layers extend in order to evaluate the production potential from those areas. We
have continued geological and engineering studies and have drilled a number of
appraisal wells in that area. “I am pleased today to announce that, praise be to
God, these great efforts have confirmed, through technical tests of the
appraisal wells, the extension of the North Field’s productive layers further
towards the west, which means the ability to produce significant additional
quantities of gas from this new sector” Al-Kaabi said while unveiling the plans
for the project. The 16MTPA North Field West project boasts the capacity to
boost Qatar’s LNG production levels of 77MTPA by as much as 85%. Following the
completion of the North Field West project, Qatar’s total LNG production could
reach 7.25mn barrels of oil equivalent per day. During the launch of the
project, the Energy Minister also confirmed the discovery of substantial
additional gas reserves in the North Field, estimated at 240 trillion cubic
feet. This increases Qatar`s gas reserves from 1,760 to over 2,000 trillion
cubic feet, and the condensate reserves from 70 to more than 80 billion barrels.
■ Image Credit: QatarEnergy qatar Qatar’s total LNG production could reach7.25mn
bopd following the completion of the North Field West project. 12 ISSUE 5 2024 |
oilreviewmiddleeast.com The North Field West project is anticipated to boost LNG
capacity by up to 85%.

gas A ramco is pursuing aggressive gas expansion plans to displace oil from its
power production mix with a mixture of gas and renewables, as well as provide
feedstock for industrial and petrochemicals development, with local demand for
gas forecast to reach 125 Bcm annually by the end of the decade, according to
Rystad Energy. Its strategy is to raise gas production by more than 60% by 2030,
compared to 2021 levels, and grow an integrated global gas business. Work is
progressing at the giant Jafurah unconventional gas field, the largest liquid-
rich shale gas play in the Middle East, containing an estimated 229 trillion scf
of natural gas, along with an estimated 75bn STB of condensate. Initial
production is expected to commence in 2025. Aramco recently awarded contracts
worth around US$12.4bn for the construction of gas compression facilities and
associated pipelines, expansion of the Jafurah gas plant and construction of the
new Riyas NGL facilities in Jubail. Aramco has also awarded contracts worth
around US$8.8bn for the expansion of the Master Gas System, which will raise its
total capacity by an additional 3.15 bscfd by 2028. Other recent contracts
include EPC contracts worth US$7.7bn to SAMSUNG Engineering Company, GS
Engineering & Image Credit: Adobe Stock 13 QatarEnergy – Bul Hanine
Redevelopment, Bul Hanine Budget: US$11bn Facility: Development Drilling &
Production Stage: EPC ITB, completion Q4 2027 Major oil and gas projects, Qatar
Source: DMS Middle East countries are shifting their focus to gas in line with
their energy transition strategies, to meet burgeoning local and global demand
for the lower- carbon transition fuel. ISSUE 5 2024 | oilreviewmiddleeast.com
Ramping up the gas Gas can play a pivotal role in the energy transition.

Construction Corporation and Nesma & Partners for a major expansion of the
Fadhili gas plant in Eastern province. Aramco is also moving into the global LNG
market with the acquisition of a minority stake in MidOcean Energy, and the
signing of an LNG offtake agreement for the Port Arthur LNG Phase 2 expansion
project. This is “a major step in Aramco’s strategy to become a leading global
LNG player,” said Nasir K. Al-Naimi, Aramco Upstream president. In the UAE,
ADNOC Gas is expanding the UAE’s gas pipeline network with the recent award of
US$550mn worth of EPC contracts for the next phase of the ESTIDAMA project, the
UAE sales gas pipeline network expansion. ADNOC’s Ruwais LNG project is making
headway and is set to capitalise on increasing global LNG demand, forecast to
rise by more than 50% by 2040, according to Shell’s LNG Outlook 2024. When
complete, it will more than double ADNOC’s LNG production capacity to around
15mmtpa, as the company builds its international LNG portfolio. ADNOC has
awarded an EPC contract worth around US$5.5bn to a Technip-led joint venture and
is set to commence construction shortly, with LNG deliveries expected to start
in 2028. ADNOC has already signed several new long-term LNG sales commitments
with international partners. bp, Mitsui & Co, Shell and TotalEnergies have
recently committed to take a 10% equity stake each in the project, which
supports ADNOC’s efforts to build an integrated global gas business. n gas
Aramco is expanding its Fadhili gas plant. ISSUE 5 2024 |
oilreviewmiddleeast.com 14 Image Credit: Aramco ADNOC’s Ruwais LNG project is
making headway.

Gastech Transforming energy Gastech, the world’s largest global exhibition and
conference on natural gas, LNG, hydrogen, climate technologies, energy
manufacturing, and low carbon solutions, will provide a platform to shape a more
sustainable energy future. A ccording to recent estimates, investment in the
energy transition will have to increase by 30% over planned investment to a
total of US$131 trillion in order to limit global temperature rise to 1.5°C and
bring CO 2 emissions to net zero by 2050. Taking place from 17-20 September in
Houston, Gastech 2024 will gather key stakeholders from across the value chain
to take stock of current progress and identify the game-changing solutions that
will enable successful transitions to net zero. The Strategic Conference’s three
distinct programmes – Strategic Leadership, Climatetech & AI, and Hydrogen –
will host 300 speakers across 60 sessions, bringing together 7,000 delegates,
including 500 CEOs, energy ministers and business leaders, to offer a
transformative and high-level forum that can steer the energy industry towards a
more sustainable horizon. Notable confirmed speakers include Chevron Corporation
CEO Mike Wirth, PetroChina chairman Wu Junli, chairman and CEO of Baker Hughes
Lorenzo Simonelli, and CEO and co-founder of TES Marco Alverà. These
distinguished speakers will address the topics that are shaping the evolving
energy system, including supply chain ISSUE 5 2024 | oilreviewmiddleeast.com 15

Gastech resilience, the strategic role of natural gas, energy security,
investment in decarbonisation, advancements in climate technologies, and
addressing industry-wide talent needs. Across its conferences and programmes,
Gastech 2024 will unite private and public sector leaders from around the world
to address the most pressing issues facing the energy industry. The event will
feature insights from the executives, policymakers and innovators that are
shaping the future of the energy system, and will set the tone for the
collective push to net zero. With more than 800 exhibitors, Gastech provides a
platform for businesses to showcase the latest strategies and cutting- edge
innovation to industry leaders, decision makers, and financiers across the
energy value chain. Jonathan Westby, senior vice president, JERA Global Markets,
said, “Gastech Houston is taking place at a pivotal moment where our industry is
navigating a period of intense change and challenges brought about by volatility
and uncertainty. We are looking forward to joining and shaping the discussions
that will drive our industry forward.” Christopher Hudson, president, dmg
events, commented, “As we navigate the complexities of the energy transitions,
collaboration and innovation are paramount. By embracing the innovative
strategies and solutions that will be on display, the industry can accelerate
progress towards a more sustainable and resilient energy future.” n Image
Credit: Adobe Stock ISSUE 5 2024 | oilreviewmiddleeast.com 16 “As we navigate
the energy transition, collaboration and innovation are paramount.” The event
will provide a forum to address the topics shaping the evolving energy system.

carbon capture C arbon capture, utilisation and storage (CCUS) will ramp up
strongly over the next decade, but development in some regions is hampered by a
lack of policy, regulatory frameworks and funding, according to a recent report
from Wood Mackenzie. By 2034, global carbon capture capacity will reach 440 Mtpa
and storage capacity will reach 664 Mtpa, requiring US$196bn in total
investment, according to the report “CCUS: 10-year market forecast”, with around
70% of the investment forecast to be in North America and Europe. The USA leads
in funding, followed by the UK and Canada. “This is a huge ramp-up from where
the industry is today. Government funding plays a critical role in driving the
first wave of CCUS investments,” said Hetal Gandhi, APAC CCUS lead with Wood
Mackenzie. “We see governments offering capex grants, opex subsidies, tax
incentives and contracts Image Credit:Adobe Stock Recent reports have
highlighted the potential and challenges for scaling up CCUS deployment. Scaling
up CCUS DEPLOYMENT 17 ISSUE 5 2024 | oilreviewmiddleeast.com CCUS can play a
role in decarbonising hard-to- abate sectors.

for differences for CCUS. Nearly US$80bn is directly committed to CCUS across
five key countries.” Shortfall in supply forecast Despite the forecasted
increase in projects, Wood Mackenzie forecasts a shortfall in supply. Industries
will need up to 640 Mtpa of carbon capture capacity by 2034 as they look to
decarbonise, but the projects expected to come into operation fall around 200
Mtpa short of that. “Of the projects already announced and expected to go ahead
in the development pipeline, 71% are in North America and Europe,” said Gandhi.
“Government incentives are moving projects towards final investment decision
(FID). We also expect a further boost to European projects due to the recently
announced EU Industrial Carbon Management Strategy.” In APAC, while regulatory
momentum is strong in Australia, Japan, South Korea and Indonesia, government
incentives are needed to accelerate CCUS development. In contrast, development
in China, India, Latin America, the Middle East and Africa is limited by a lack
of firm policy, regulatory frameworks and funding support. Cross-border
transport of CO 2 and liability risk remain key areas to watch out in the medium
term, says Wood Mackenzie. MENA perspective Meanwhile, a report from the
International Energy Forum (IEF) on “CCUS Regulatory and Policy Landscape: A
Global and MENA Perspective” also finds that there is a wide divergence of CCUS
regulatory maturity between countries. By deploying CCUS, MENA countries can
reduce their emissions. carbon capture Image Credit: Adobe Stock 18 ISSUE 5 2024
| oilreviewmiddleeast.com “Many MENA countries have a well-established track
record.”

CCUS deployment must reach at least 5.6 gigatons of CO 2 by 2050 globally from
40 million tons today to meet the Paris Agreement and UN Sustainable Development
Goals, according to the IEF. The report finds that many MENA countries including
Saudi Arabia and the UAE have a well-established track record and have an
opportunity to become leaders in the deployment of CCUS solutions. The report
says they can achieve this by developing regulatory and incentive frameworks,
promoting research and development, strengthening policy dialogue, and
facilitating regional integration. “The region, especially the GCC countries,
benefits from regulatory speed, governmental support, and industrial interest in
accelerating the region's transition to a low-carbon economy,” the report says.
“These factors play a crucial role in creating an enabling environment for CCUS
investments and fostering innovations in the energy sector. A cohesive
regulatory framework for CCUS implementation for the MENA region to achieve its
climate ambitions will also enable it to trade with other regions through carbon
markets. By adopting a framework that is in line with international standards
and comprehensive, the region can position itself as a leader in CCUS
implementation. This would not only contribute to global efforts to combat
climate change but also support transitions to sustainable and inclusive
low-carbon future in the MENA region and wider world.” The report notes that in
Saudi Arabia, significant efforts have been made to invest in CCUS and develop
CCUS-enabling initiatives and policies, including a carbon market, which is a
pivotal tool in incentivising emission reduction activities. Two CCUS projects
are already in operation, and it plans for the largest CCUS hub globally in
Jubail, anticipated to be operational by 2027. In its first phase, this carbon
capture 19 By investing in CCUS, MENA countries can not only reduce their
emissions, but also create new opportunities for economic growth and job
creation. ISSUE 5 2024 | oilreviewmiddleeast.com

















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