Exploration and Production

Qatargas 3
Operator: Qatargas Operating Co.
Co-venturers: Qatar Petroleum (68.5%), ConocoPhillips (30.0%), Mitsui & Co. Ltd. (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 liquefied petroleum gas and condensate combined from Qatar’s North Field.

The project also includes a 7.8-million-gross-ton-per-year LNG facility. The first LNG cargoes are expected to be loaded in the second half of 2010. The LNG carriers are owned by Qatargas Transport Co. (Nakilat) and time chartered to Qatargas 3.

In order to capture cost savings, Qatargas 3 is executing the development of the onshore and offshore assets as a single integrated project with Qatargas 4. This includes the joint development of offshore facilities situated in a common offshore block in the North Field.

Emerging Businesses

Global Water Sustainability Center 
Co-venturers: ConocoPhillips (50.0%), GE (50.0%)
ConocoPhillips and GE Water & Process Technologies, a unit of General Electric Co., are equal co-venturers in a Global Water Sustainability Center set within the Qatar Science & Technology Park (QSTP). The center will research and develop water solutions primarily for the petroleum and petrochemical sectors, but also focuses on municipal and agricultural solutions. It has been designated as ConocoPhillips’ worldwide center of excellence for water-related technologies, disseminating findings to the company’s global operations, as well as to local government and industry partners. The center opened in early 2009, and the companies plan to invest $25 million in the center over its first five to seven years.

Chemicals

The company’s Middle Eastern operations play a significant and growing role in CPChem’s success. With three major facilities in operation, two more under construction and another project in development, CPChem is committed to international growth and development.

Qatar Chemical Company Ltd. (Q-Chem) and Qatar Chemical Company II Ltd. (Q-Chem II) are joint ventures between a subsidiary of CPChem (49 percent) and Qatar Petroleum (51 percent). Q-Chem commenced operations in 2003 while the Q-Chem II project broke ground in late 2005 with startup anticipated in late 2009.

Find out more at …
Chevron Phillips Chemical Company LLC
ConocoPhillips LNG