QP UNVEILS NEW CORPORATE STRAT­EGY

In an ef­fort to ex­pand in­ter­na­tion­ally and bring about trans­for­ma­tion, Qatar Petroleum un­veiled its new corporate strat­egy in Fe­bru­ary.

Qatar Today - - BUSINESS > OIL & GAS -

The roll­out sig­nals a new era of growth for QP, led by the planned expansion of North Field pro­duc­tion, which will fur­ther boost Qatar's lead­ing global po­si­tion by en­hanc­ing its liq­ue­fied nat­u­ral gas (LNG) pro­duc­tion from 77 mil­lion tonnes to 100 mil­lion tonnes per an­num.

Ear­lier, QP had signed a deal with French oil and gas com­pany To­tal to ac­quire a 25% stake in the ex­plo­ration block 11B/12B, off the shore of South Africa. It had also won ex­plo­ration rights to five blocks off the coast of Mex­ico.

“The new strat­egy and val­ues come at a crit­i­cal time in our expansion, and will en­sure that we con­tinue to be a global LNG leader,” said Saad Sherida Al Kaabi, QP Pres­i­dent and Chief Executive.

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