Page 10 - MEOG Week 15 2022

MEOG TENDERS MEOG

QatarEnergy awards contracts

under expansion drive

QATAR STATE-OWNED QatarEnergy this week Hudong and CSSC to take this important step
announced the award of contracts under its together.”
$19bn LNG tanker fleet expansion project, while He added: “We look forward to announcing
reports emerged about deals for upcoming oil- many more such contracts in the near future in
field studies. our relentless pursuit to ensure a reliable supply
The Qatari company said it had signed of additional clean energy to the world.”
time-charter parties (TCP’s) with a subsidiary The awards come as Doha ramps up work
of Mitsui O.S.K Lines (MOL) for “the long- on the $30bn North Field Expansion project
term charter and operation of four LNG ships”, which aims to expand the country’s liquefaction
the first batch of TCPs awarded under its pro- capacity from 79mn tonnes per year currently to
gramme to acquire up to 100 new carriers in the 110mn tpy by 2025 or 2026 under North Field
largest fleet expansion in the history of the LNG East (NFE), with the addition of North Field
sector. South (NFS) raising capacity to 126mn tpy by
Back-to-back LNG carrier shipbuilding 2027. It is the world’s single largest LNG project.
contracts were then signed between MOL
and Hudong-Zhonghua Shipbuilding Group Engineering deals
(Hudong), a subsidiary of the state-owned China Meanwhile, reports emerged this week suggest-
State Shipbuilding Corp. (CSSC), for the con- ing that QatarEnergy had awarded UK-based
struction of four new LNG carriers. Wood Group a significant front-end engineering
In October, QatarEnergy placed a direct and design (FEED) contract for the expansion of
order with Hudong-Zhonghua worth more than the offshore Bul Hanine and Maydan Mahzam
$770mn for the first four LNG carriers under the oilfields.
programme, marking the Qatari firm’s first order Speaking to Upstream, a source said that the
from a Chinese shipyard following an April 2020 extensive FEED contract would run for up to 22
agreement with Hudong to reserve ship con- months and cover the upgrade of offshore pro-
struction capacity. duction stations PS-2 and PS-3.
Qatari Minister of State for Energy Affairs Bul Hanine and Maydan Mahzam are two
and president and CEO of QatarEnergy HE Saad of six fields that feed into the Qatar Marine
Sherida Al-Kaabi said: “These contracts mark stream, which at 245,000 barrels per day (bpd)
the start of the construction phase of QatarEn- places the field group third behind the offshore
ergy’s historic fleet expansion programme in Al-Shaheen, which has a capacity of around
support of our LNG expansion projects. We are 600,000 bpd, and Qatar Land – comprising the
pleased to be working with our reliable business Dukhan-Khatiyah, Fahahil, Jaleha/Diyab assets
partners from China and Japan, namely: MOL, – which maxes out at 335,000 bpd.™

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Q Qatar Crude Oil Production Capacity
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S Stream F Fields C Capacity (bpd) )
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Al-Shaheen Al-Shaheen 600,000
Qatar Land Dukhan - Khatiyah, Fahahil, Jaleha/Diyab 335,000
Qatar Marine Bul Hanine, Maydan Mahzam, ISND, ISSD, Al-Khalij, Al Karkara 245,000
Al-Rayyan Al-Rayyan 10,000
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T Total l 1 1,190,000
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P10 www. NEWSBASE .com Week 15 13•April•2022