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Dolphin Energy Successful Loading of the First Cargo of Condensate
Dolphin Energy Limited announced today the successful loading of the first cargo of condensate, produced from its natural gas Processing Plant at Ras Laffan, Qatar. The commencement of efficient loading operations from the new export facilities and designated tanks follows the successful start-up of gas production from Qatar’s North Field in June 2007.
The initial cargo consists of 500,000 barrels of condensate and two additional cargoes will follow later in August 2007. About six similar sized cargoes of condensate are expected to be exported every month once full production is reached.
Dolphin Energy Limited
Dolphin Energy Limited was created to develop substantial energy projects throughout the GCC and to create long-term economic wealth and new business opportunities for GCC citizens, far into the future.
Dolphin Energy’s major strategic initiative, the Dolphin Project, involves the production and processing of natural gas from Qatar’s North Field, and transportation of the dry gas by sub-sea export pipeline from Qatar to the UAE, which begun in July 2007.
The long term customers for Dolphin gas from Qatar are ADWEA (Abu Dhabi Water & Electricity Authority), UWEC (Union Water & Electricity Authority), DUSUP (Dubai Supply Authority) and from 2008 OOC (Oman Oil Company). Each has signed a gas supply agreement with Dolphin Energy for 25 years.
Dolphin Energy is owned 51 percent by Mubadala Development Company, on behalf of the Government of Abu Dhabi – and 24.5 percent each by Total of France and Occidental Petroleum of the USA.
Detailed information about Dolphin Energy can be found on www.dolphinenergy.com
For further information contact:
Mirna Hijazi
Corporate Communications Manager
Tel +971 2 6995500
Fax +971 2 6995578