Qatar Makes First New Gas Find in Over 40 Years

DUBAI - Qatar has discovered an offshore gas field containing 2.5 trillion cubic feet of natural gas, its first such discovery since 1971, energy minister Mohammed bin Saleh al-Sada was quoted as saying Sunday.

The discovery was made at the 4-North offshore block near the large North Field, by a consortium that includes Wintershall AG of Germany and Mitsui Gas Development Qatar, the Qatar News Agency quotes Mr. Sada as saying.

Qatar, a member of the Organization of the Petroleum Exporting Countries, holds the world's largest natural gas reserves and is the single-largest supplier of liquefied natural gas.

The Gulf state has proven natural gas reserves of about 890 trillion cubic feet--about 13% of total world natural gas reserves--most of which is located in its offshore North Field, the world's largest non-associated gas field.

Copyright (c) 2012 Dow Jones & Company, Inc.


Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Business Development Manager - Geophysics - Spanish Speaking
Expertise: Geophysicist
Location: Houston, TX
Mechanical and Structural Subsea Engineer
Expertise: Mechanical Engineering|Structural Engineering|Subsea Engineering
Location: Houston, TX
Account Manager Engineering Software
Expertise: Sales|Software Specialist
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.92/BBL 5.42%
Light Crude Oil : $48.53/BBL 4.90%
Natural Gas : $2.47/MMBtu 0.81%
Updated in last 24 hours