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