Operator: Qatargas Operating Co.
Co-venturers: Qatar Petroleum (68.5%), ConocoPhillips (30.0%), Mitsui (1.5%)
In 2003, ConocoPhillips and Qatar Petroleum signed a Heads of Agreement to develop Qatargas 3, a large-scale LNG project in Ras Laffan Industrial City, Qatar. The integrated project comprises upstream natural gas production facilities to produce approximately 1.4 gross BCFD of natural gas over the 25-year life of the project, as well as an initial average of approximately 70 MBD gross of LNG and condensate combined from Qatar’s North Field.
The project also includes a 7.8 MTPA LNG facility. The first LNG cargo was loaded in November 2010, and the Qatargas 3 Plant is now fully operational. The LNG is exported in carriers owned by Qatargas Transport Co. (Nakilat) and time chartered to Qatargas 3.
Peak production was achieved in 2011 and is expected to continue for the life of the project.
In order to capture cost savings, Qatargas 3 executed the development of the onshore and offshore assets as a single integrated project with Qatargas 4. This included the joint development of offshore facilities situated in a common offshore block in the North Field, as well as the construction of two identical LNG process trains and associated gas treating facilities for the Qatargas 3 and Qatargas 4 joint ventures. Production from the LNG trains and associated facilities is combined and shared.
Global Water Sustainability Center
The ConocoPhillips Global Water Sustainability Center (GWSC) is located in the Qatar Science and Technology Park in Doha, Qatar. It has been designated as ConocoPhillips' worldwide center of excellence for water-related technologies. The GWSC's mission is to develop innovative solutions for treating by-product water from the oil and gas industries. Other research includes desalination and water recycling. The GWSC has an educational water visitor center to promote water conservation in Qatar.