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04/07/2025 08:20 AST
At least four leading international contractors or consortia are vying for a major contract from QatarEnergy LNG (formerly Qatargas) worth upto $5 billion for the next expansion phase of its massive North Field Production Sustainability (NFPS) project, which envisages maintaining the production profile of the giant gas field, reported Upstream.
The NFPS project is a major initiative by QatarEnergy LNG focused on maintaining and enhancing production from the North Field, the world's largest non-associated natural gas field.
This project includes offshore compression complexes and aims to sustain the production of natural gas from the North Field, said the report.
Italian multinational oilfield services company Saipem is a key contractor for the NFPS project, with contracts for engineering design, fabrication, and installation of offshore facilities.
Qatar is spending heavily on expanding the North Field while also carrying out the multi-phase offshore sustainability project.
With this, QatarEnergy LNG plans to further expand the North Field with the North Field West project, aiming to increase LNG production to 142 million tonne per annum by 2030.
Trade Arabia
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04/07/2025
The Central Bank of Bahrain announced a strong wave of financial institution licences from early 2024 to mid-2025, with 16 new institutions approved and 52 licence applications under advanced review.
BNA
04/07/2025
Saudi Arabia on Wednesday announced ambitious plans to scale up its diplomatic and economic presence in Africa, aiming to boost its investments on the continent to more than $25 billion by 2030, as p
Arab News
04/07/2025
Gamezop, one of the world's leading gamification platforms, has announced plans to set up its regional headquarters in Bahrain as part of its broader plans to expand into the rapidly growing Middle E
Trade Arabia
04/07/2025
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Omani Minister of Commerce, Industry and Investment Promotion Qais bin Mohammed Al Yousef launched the second phase of industria
Asharq Al Awsat
04/07/2025
Adnoc's Hail and Ghasha mega-project has met a key development milestone, having completed the "sail-out" and installation of critical offshore facility structures from the NMDC Energy Yard in Mussaf
Trade Arabia
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