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The moratorium on output boosts from the world’s largest gas field – which Qatar shares with Iran – is set to continue, with no end in sight. “We are not a company maximizing [production]; we have to make sure that this reserve will last. Whether [the moratorium] will continue depends on whether we need it or not. We must not damage reserves. We saw what happens in other countries which maximized production – water cut was high, destroyed reserves,” Qatar’s influential deputy prime minister and former energy minister ‘Abd Allah al-‘Attiyah said in Doha this week. The last sanctioned development to tap gas from the 900 tcf North Field, the $10bn, 1.4bn cfd Barzan project (QP 93%, ExxonMobil 7%) – which will also yield about 100,000 b/d of condensate – will likely start up late this year. Barzan’s gas is set for use by Qatari power and desalination plants, though it is possible there will be some surplus, at least until rampant power demand growth absorbs remaining volumes. (CONTINUED - 1084 WORDS)
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