Qatar’s moratorium on further development of its vast North Field gas reservoir will not be lifted until at least 2013, according to a senior executive of Qatar Petroleum.
The moratorium will stay in place until all the planned North Field gas projects have been brought on stream, “which is probably in 2013 or a little later,” Saad al Kaabi, the government-owned petroleum company’s director of oil and gas ventures, said yesterday on the sidelines of a gas industry exhibition in Doha, the Qatari capital.
As the manager of Qatar Petroleum’s entire portfolio of oil and gas assets, Mr al Kaabi oversees the development plan for the North Field reservoir, including technical aspects of the moratorium. He reports directly to the chairman and managing director, Abdullah al Attiyah, who is also the Qatari deputy prime minister and energy minister.
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