(MEBG) - NATURAL GAS:
With proven reserves of 300 trillion cubic feet (Tcf), Qatar's natural gas resources ranks third in size behind Russia's and Iran's. Most of Qatar's gas is located in the North Field, which contains 380 Tcf of in-place and 239 Tcf of recoverable reserves, making it the largest known non-associated gas field in the world. In addition, the Dukhan field contains an estimated 5 Tcf of associated and 0.5 Tcf of non-associated gas. Smaller associated gas reserves also are contained in the Id al-Shargi, Maydan Mahzam, Bul Hanine, and al-Rayyan oil fields.
OIL:
According to the US Department of Energy, Qatar has proven, recoverable oil reserves of 3.7 billion barrels, of which about 2.2 billion barrels are located in the Dukhan field, the country's only onshore field. The remaining proven 1.5 billion barrels are held in six offshore fields.
The country's significant oil production and reserves, oil accounts for less than 15 percent of domestic energy consumption. Qatar exports almost all of its oil production to Asia.
As of May 2000, Qatar's monthly crude oil production averaged680,000 bbl/d. The country also produces a significant amount of lease condensate and other natural gas liquids (NGLs), both of which fall outside Qatar's OPEC crude production quota of 658,000 bbl/d, which became effective July 1, 2000.
© 2000 Mena Report (www.menareport.com)
