• Natural Gas News

    Wintershall to Quit Qatari Gas Space

    old

Summary

Wintershall is ceasing its activities in Qatar and is returning Block 4 North near the North field off the Qatari coast early next week, the company announced Wednesday.

by: shardul

Posted in:

Asia/Oceania

Wintershall to Quit Qatari Gas Space

Wintershall is ceasing its activities in Qatar and is returning Block 4 North near the North field off the Qatari coast early next week, the company announced Wednesday.

The company made the Al Radeef gas discovery off the coast of Qatar

“During the development planning, it was always clear to us and our partners that an economic development of the discovery, including the processing of the gas, would only be possible if we have access to local infrastructure. This access was not granted. That is why we have decided to take this step,” said Wintershall board member Martin Bachmann, who is responsible for exploration and production in Europe and the Middle East.
 
Further activities in the Middle East region are not affected by the withdrawal from Qatar, the company said.

The current focus of Wintershall is on the United Arab Emirates.

“We are also closely following the developments in other countries in the region,” Bachmann said.