THE WALL STREET JOURNAL
NOVEMBER 23, 2009, 7:29 A.M. ET
LONDON (Dow Jones)–Royal Dutch Shell PLC (RDSA) said Monday it was making good progress with the Pearl GTL and the Qatargas 4 projects in Qatar.
MAIN FACTS:
-Shell is partnering in both Pearl GTL and Qatargas 4 with Qatar Petroleum.
-Pearl GTL will use Shell’s proprietary gas-to-liquids (GTL) technology to convert some 1.6 billion cubic feet (bcf/d) of gas per day into clean-burning oil products such as gasoil, lubricants base oils and chemicals feedstock.
-Pearl GTL is designed to produce 120,000 barrels per day of natural gas liquids (NGLs) and ethane, and 140,000 b/d of GTL products.
-Shell has now entered into the testing phase at Pearl GTL, having inaugurated plant’s control room.
-Qatargas 4 is to convert some 1.4 bcf/d of natural gas into liquefied natural gas (LNG) and NGLs.
-Qatargas 4 will add to Shell’s current worldwide LNG capacity of 18.5 million tonnes per year (mtpa).
-Qatargas 4 will have a capacity of 7.8 mtpa of LNG and some 70,000 boe/d of NGLs.
-Construction is progressing well at Pearl, with both schedule and budget in line.
-Major construction at both Pearl GTL and Qatargas 4 is scheduled to be completed by end of 2010, with production ramp-up from late 2010 and into 2011.
-Pearl GTL upstream production is expected to reach 320,000 boe/d. Qatargas 4 is expected to reach 280,000 boe/d.
-Once Pearl GTL and Qatargas 4 come on stream, Qatar has the potential to contribute some 350,000 boe/d of upstream production for Shell, and significant cash flows.
-By London Bureau, Dow Jones Newswires; Contact Ian Walker; +44 (0)20 7842 9296; i[email protected]
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