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Dolphin Energy Reaches Full Gas Production And Supply Target
First Regional Gas Project Delivers 2 Billion Standard Cubic Feet of Natural Gas Daily from Qatar to UAE
Dolphin Energy Limited has, for the first time, achieved its target daily production rate of 2 billion standard cubic feet of gas a day (scf/day) – the equivalent in energy terms of over 350,000 barrels of oil equivalent.
Dolphin’s initial supplies of processed natural gas from Qatar to UAE began to flow in July 2007. Since then, Dolphin Energy has been transporting gas through the company’s export pipeline in ever increasing quantities. Production has gradually been ramped up as all elements of the company’s complex gas processing plant at Qatar’s Ras Laffan have been tested and commissioned.
The gas is produced from Dolphin’s 24 production wells offshore Qatar. It is then processed at Ras Laffan Gas Project Plant and the natural gas compressed and flowed through the 48 inch, 364 kilometer subsea export pipeline – the longest and largest in the Middle East.
Dolphin’s CEO, Ahmed Ali Al Sayegh, stated today: “I am proud that we’ve been able to achieve our agreed maximum daily production rate under our agreement with Qatar, whose support for this project has been essential to its success.”
He added: “Our next target is to meet our daily target consistently, and we shall shortly be able to fulfill our gas sales agreement to supply Oman."
Dolphin Energy has contracted to supply Oman with up to 200 million scf/day of gas in the second half of 2008. its the culmination of a vision started nine-years ago by Qatar, the UAE and Oman.
On this occasion, Dolphin Energy hosted a reception Party at Al-Sharq Village & Spa in Doha.
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:
Mariam Al Badr
Corporate Communications Manager
Tel +971 2 6995500
Fax +971 2 6995578