Oil & Gas Opportunities in Qatar

An Expert's View about Natural Gas in Qatar

Posted on: 22 Sep 2010

The oil and gas sector will remain central to Qatar’s development plans for the foreseeable future, offering opportunities for related product/service providers.

Sector briefing Oil & Gas Opportunities in Qatar Why Qatar? The oil and gas sector accounts for around 60% of Qatar?s GDP. Qatar?s oil reserves are estimated at around 15.2bn barrels of crude but it is its abundance of natural gas (from the world?s largest non-associated gas field), that is fuelling Qatar?s development. Qatar Petroleum, Qatargas and RasGas are spearheading activity in the sector in partnership with large IOCs. Qatar is the leading global exporter of LNG. With Shell?s Pearl Gas to Liquids (GTL) plant expected to become operational by late 2010/early 2011, Qatar?s GTL capacity will also ??the oil and gas sector will be the largest in the world. remain central to Qatar?s Despite a plateau in large scale oil and gas development plans for the projects, the oil and gas sector will remain foreseeable future, offering central to Qatar?s development plans for the opportunities for related foreseeable future, offering opportunities for related product/service providers. product/service providers.? Find general information on Qatari market conditions on UKTI?s website. The Doing Business Guide for Qatar gives an overview of Qatar?s economy, business culture, potential opportunities and an introduction to other relevant issue. UK Trade & Investment Sector briefing: Oil & Gas opportunities in Qatar Opportunities market. Prequalification for the off and onshore Opportunies in the oil and gas sector exist in a (separate) packages took place in Spring 2010 number of areas including those below. The and the successful bidders are likely to be market is also seeing a step change with a a selected by late 2010. The project will offer greater focus on product/service providers with significant opportunities for foreign companies strong after-sales services either through a to supply into the project. presence in country or through agreements with local agents/distributors able to carry out If you have any questions on the opportunities this work in-country. Depite the slowing in the above, contact the UKTI contacts named in this construction of new oil and gas projects and report. Business opportunities aimed the monortiorum on the North Field for further specifically at UK companies are added daily to exploration until 2015 at the earliest, Qatar is turning its attention to enhancing the gas UKTI?s website. These leads are sourced by our supply to its domestic market. staff overseas in British Embassies, High Commissions and Consulates, across all sectors Maintenance and servicing and in over 100 markets. Whilst many large scale projects have been/or are in the process of being completed, You can be alerted to business opportunities on warranty periods for equipment are also a regular basis by registering on the UKTI expiring. This presents opportunities for website. Find out more on UKTI?s business maintenance service providers, particulary opportunities service on the UKTI website those in Qatar or those looking to establish here. Access to replacement parts held in country and swfit access to maintenance Major events and activities service providers present opportunities for companies. Many local companies are looking to joint ventures with foreign companies to Middle East Global petrochemicals capitalise on opportunities. Technology Conference 2010 (Doha) www.fleminggulf.com Finance & Insurance October 2010 Large scale projects in the oil and gas sector have attracted a number of large international Off Shore Middle East (Doha) finance, taxation and insurance companies. The www.offshoremiddleeast.com diversification of the economy will lead to more October 2010 opportunites for large expert organistations. EDIPEC 2010 (Abu Dhabi) Cleaner processes/technologies www.adipec.com With gas production due to hit 77mtpa by the November 2010 end of 2010, focus is turning to implementing cleaner processes/technologies in the sector. Proven products in this area which also Find full details of all events in this demonstrate lower maintenance have potential country and sector on the UKTI website. in the market. New export events are added daily to the site and you can register to be alerted to them on a Training/Skill Enhancement daily, weekly or monthly basis Equipping the local oil and gas labour force with the skills required to operate in UKTI?s Tradeshow Access Programme (TAP) international oil and gas companies remains a provides grant support for eligible Small & challenge. Many IOCs offer this training in- Medium Sized Enterprises (SME's) to attend house but opportunities exist from time to time trade shows overseas. Find out more about to deliver more specialist (and less frequent) UKTI support for attendance at overseas training. events Barzan Project The Qatar Petroleum ? ExxonMobil joint venture Barzan gas project will produce 6.2bn cf/d from the intended for the domestic UK Trade & Investment Sector briefing: Oil & Gas opportunities in Qatar UKTI contacts Jaspal Panesar Trade & Investment British Embassy Doha Tel: (00 974) 496 2074* Email: jaspal.panesar@fco.gov.uk www.ukti.gov.uk *Please note number will change to (00 974) 4496 2074 from 28 July 2010 Next steps - How UKTI can help British companies wishing to develop their business in the Qatar market are advised to undertake as much market research and planning as possible in the UK. UKTI?s team in Qatar with its wide local knowledge and experience, can provide a range of services to British-based companies wishing to grow their business in global markets. This can include: ? Provision of market information ? Validated lists of agents/distributors ? Key market players or potential customers in the Qatar market ? Establishment of interest of such contacts in working with you ? Arranging appointments ? Organise seminars or other events for you to meet contacts and promote your company in the Qatar market This work is available via our Overseas Market Introduction Service (OMIS) a chargeable service which assists British-based companies wishing to enter or expand their business in overseas markets. To find out more about commissioning this work, or accessing other UKTI services and specialist advice, please visit the UKTI website to find contact details for your local UKTI office. Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent  Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or  misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation  mentioned.  Published 2010 by UK Trade & Investment.  Crown Copyright © UK Trade & Investment Sector briefing: Oil & Gas opportunities in Qatar
Posted: 22 September 2010