Page 15 - MEOG Week 06 2021

MEOG NEWS IN BRIEF MEOG

representing 572 cubic metres of fuel and production capacity from 77 million tons per will be 28.75 billion dollars, making it one of
1,519 carbon dioxide equivalent tonnes (TEQ annum (MMTPA) to 110 MMTPA. the energy industry’s largest investments in
CO2). In addition to LNG, the project will the past few years, in addition to being the
Commenting, Arnaud Dianoux, Managing produce condensate, LPG, ethane, sulfur and largest LNG capacity addition ever, and the
Director of Opsealog, said: ‘Our proof-of- helium. It is expected to start production most competitive LNG project in the world.
concept trial with ADNOC Logistics & in the fourth quarter of 2025 and its total This project will generate substantial revenues
Services confirmed the verifiable difference production will reach about 1.4 million for the state of Qatar and will have significant
that good data management can achieve. barrels oil equivalent per day. benefits to all sectors of the Qatari economy
Our technology enables the offshore sector The decision to proceed with the during the construction phase and beyond.”
to leverage new efficiencies from digital investment was announced during a Highlighting the significance of this event
solutions, including reduced fuel consumption signing ceremony held today to celebrate in the context of the global LNG and energy
and better control of other operational costs, the execution of the project’s key onshore industry, His Excellency said: “This event
all of which helps to protect their margins.’ engineering, procurement and construction is of particular importance as it comes at a
Dianoux added: ‘At a time when the (EPC) contract. The contract was signed by critical time when the world is still reeling
defining challenge facing the energy and His Excellency Mr. Saad Sherida Al-Kaabi, from the effects of a global pandemic and
maritime sectors is decarbonisation, the Minister of State for Energy Affairs, the related depressed economies. This investment
Opsealog’s data insights are also helping President and CEO of Qatar Petroleum, decision is a clear demonstration of the
clients to improve their environmental Mr. Kazushi Okawa, the Chairman of the steadfast commitment by the State of Qatar
performance and significantly reduce their Board and CEO of Chiyoda Corporation, to supply the world with the clean energy it
carbon footprint. Our team’s extensive and Mr. Arnaud Pieton, the President of needs.”
vessel design knowledge will enable us to Technip Energies, in the attendance of senior “Today’s decision carries even more
benchmark operational behaviours, new executives from Qatar Petroleum, Qatargas, significance considering that it encompasses
technologies, and become the go-to contact Chiyoda, and Technip. a number of concrete environmental
for a range of critical issues, including The main scope of the EPC contract is the investments in support of our strong
propulsion transition, energy efficiency construction of 4 mega LNG trains with a commitment to achieve the highest
projects, and fleet utilisation, as well as capacity of 8 MMTPA each, with associated environmental standards and to provide a
supporting during the tender process.’ facilities for gas treatment, natural gas liquids credible solution in the low-carbon energy
BUNKERSPOT recovery, as well as helium extraction and transition. One of the most important
refining within Ras Laffan Industrial City. environmental elements of the NFE project
Speaking at the signing ceremony, His is its CO2 capture and sequestration (CCS)
GAS Excellency Mr. Al-Kaabi thanked executives system that will be integrated with our wider
in attendance from Chiyoda and Technip, CCS scheme in Ras Laffan, which -once fully
QP takes FID on NFE and said: “The execution of this EPC contract operational- will be the largest of its kind
in terms of capacity in the LNG industry,
marks the commencement of the construction
Qatar Petroleum took the final investment of the North Field East LNG Project, and is and will be one of the largest ever developed
decision for developing the North Field a significant landmark in Qatar Petroleum’s anywhere in the world.” His Excellency
East Project (NFE), the world’s largest strategic growth journey in a sustainable Minister Al-Kaabi added.
LNG project, which will raise Qatar’s LNG manner. The total cost of the NFE project QP

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