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Essay / Qatargas Case Analysis - 776
The company is subject to various risks in many areas such as economic, political, legal, social, industrial, commercial and financial situation. Long-term profitability depends on profitable discovery, acquisition and development. new reserves.--------------------------------------------The most important fact important about Total: Average production in Qatar was 74,000 barrels of oil equivalent per day in 2007 and they admit that this figure will increase significantly, and they also carry out petrochemical activities "on the Total website". In 2008, Total sold 20% of its stake in the Taodenni Ta7 and Ta8, in Mauritania, to Qatar Petroleum International. In 2009, they opened the Gas2 project for natural gas which consists of trains of 7.8 million tonnes per year and Total has a 16.7% stake in the second train with Qatar Petroleum and the "total website" from ExxonMobil. Total 20% interest of Qatargas of the company specialized in refining which produces gas condensates in the North field, and the global production of LNG “Liquefied natural gas” of Qatargas1 10,000 metric tons 50,000 tons of gas condensates. Total owns 16.7 shares of production line 5 of the Qatargas2 project, which currently produces 8 million tonnes of gas condensate.---------------------- ------------ ------------------Gulf Field: Total is the operator of the Gulf Field, an offshore oil field discovered in 1991. The field is located 130 kilometers from the northeast of the country. of Doha, and includes approximately 58 wells, of which 47 are oil wells. Usually, around 25,000 barrels of oil are sent per day through the pipeline to Halul Island. In November 2012 the license for the Gulf field between Qatar Petroleum and Total was renewed for 25 years, and in this context...... middle of paper ...... Total "مقالة في جريدة العرب". President of the company reporter, he said: the average oil and gas production in 2013 was about 140,000 barrels per day, and they need to develop their business in the future in the long term and they are proud to work in a country like Qatar, and they are ready to further strengthen relations with Qatar Petroleum through various programs and innovations and finally an example is an agreement that took place between QPI and Total “Article by Pratap John in Gulf-times” In 2014, Total decided to reduce its capital expenditure in an attempt to increase shareholder returns and fourth quarter net profit fell to 19% and oil prices fell, the main reason for the decline being the. gas pipeline leak in a state as well as lower production in the fourth quarter due to maintenance in the state. fields producing 0.5% « Article in Gulf-times”