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UpstreamOnline: Shell hands out $10bn in Pearl GTL jobs

By Upstream staff

Shell said today that to date it has handed out contracts worth a total of $10 billion for construction work on its Pearl gas-to-liquids plant in Qatar.

Shell’s project is facing rising costs that may push the final price tag to more than $20 billion. Original estimates put the project’s cost at $5 billion.

The contracts cover all the engineering, procurement and construction work, Shell said.

Shell and Qatar were holding a ceremony to break ground at the Pearl gas-to-liquids project today. Actual construction began in the third quarter last year and Shell aims to start production of clean fuels from gas at the plant by the end of the decade, the company said.

22 February 2007 08:39 GMT

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