Discovery A Boost Even As Gas Strategy May Shift

摘要

Germany's Winterhsall and Qatar Petroleum (QP) have announced exploration success at Block 4 North offshore Qatar after four years of hunting. The discovery in depths of 70m is estimated to contain as much as 70bn cubic meters (bcm) of gas and is the country's frst new fnd in 42 years. The fnd is a boost to the exploration and pro- duction (E&P) sharing agreements QP has inked with international oil companies (IOCs) in recent years. Importantly, the fnd suggests Qatar may yet have untapped hydrocarbons resources, with gas cur- rently sourced from North Field - the world's largest, holding more than 25trn cubic metres (tcm).