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Qatar secures more LNG contracts this year

Qatar plans to increase its LNG production capacity to 142 million tons per year.

The oil reserves discovered are equivalent to ten times the production of the North Sea in the last 50 years.

Some market analysts suggest that a lack of investor interest could be a determining factor.

The Likembe-01 well reached a final depth of 3,013 meters, crossing Miocene formations and confirming the presence of oil.

The quality of the gas used is high, with a calibrated meter showing almost 99% methane and only 1% nitrogen.

Iraq is seeking to increase its local production of petrochemicals and reduce its dependence on gas imports from Iran.

The Posh Xanadu oil platform has a capacity for 700 people.

Real-time cut verification technology reduced cut times by 50%.

Natural gas accounts for 27% of Australia's energy market and 14% of the country's export earnings.

The total oil production capacity of the Polvo FPSO after its refurbishment will be 65,000 barrels per day.

The Pikka project is scheduled to begin production in 2026.

This is in direct response to the company's decision to stop investing in the downstream sector in the country.